What is a Totten’s Trust (or Poor Man’s Trust)?

A Totten’s Trust (also called a “poor man’s trust”) is essentially the same thing as a Pay on Death (“POD”) bank account.  (The name “Totten’s Trust” is taken from a 1904 New York case involving a person with this name.)  Using a POD account, a person was able to place proceeds into an account, and,
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Key Indiana Estate Administration Statutes

Indiana has adopted a number of statutes that govern estate administration. For a list of the key estate administration statutes, please see this posting.
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