--- title: Bank Trusts/Payable on Death Accounts --- [**Phone:** (773) 983-9117](tel:773-983-9117) 950 Milwaukee Ave, Ste 302, Glenview, IL 60025 [![logo-1](https://www.jkelaw.com/hubfs/logo-1.png)](https://24044772.hs-sites.com/home-page?hsLang=en) - [Practice Areas](https://www.jkelaw.com/practice-areas) - [Estate Planning](https://www.jkelaw.com/practice-areas/estate-planning/) - [Wills](https://www.jkelaw.com/practice-areas/estate-planning/wills/) - [Trusts](https://www.jkelaw.com/practice-areas/estate-planning/trusts/) - [Powers of Attorney for Health Care](https://www.jkelaw.com/practice-areas/estate-planning/powers-of-attorney-for-health-care/) - [Powers of Attorney for Property](https://www.jkelaw.com/practice-areas/estate-planning/powers-of-attorney-for-property/) - [Living Wills](https://www.jkelaw.com/practice-areas/estate-planning/living-wills/) - [Transfer on Death Instruments (TODIs)](https://www.jkelaw.com/transfer-on-death-instruments) - [Probate](https://www.jkelaw.com/practice-areas/probate/) - [Estate Administration](https://www.jkelaw.com/practice-areas/estate-administration/) - [Guardianship](https://www.jkelaw.com/practice-areas/guardianship/) - [Residential Real Estate Sales](https://www.jkelaw.com/residential-real-estate-sales) - [Profiles](https://www.jkelaw.com/profiles) - [Presentations](https://www.jkelaw.com/presentations) - [Contact Us](https://www.jkelaw.com/contact-us) - [Blog](https://24044772.hs-sites.com/blog) [SCHEDULE CONSULTATION](https://www.jkelaw.com/contact-us?hsLang=en) ![logo-1](https://www.jkelaw.com/hubfs/logo-1.png) - [Practice Areas](https://www.jkelaw.com/practice-areas) - [Estate Planning](https://www.jkelaw.com/practice-areas/estate-planning/) - [Wills](https://www.jkelaw.com/practice-areas/estate-planning/wills/) - [Trusts](https://www.jkelaw.com/practice-areas/estate-planning/trusts/) - [Powers of Attorney for Health Care](https://www.jkelaw.com/practice-areas/estate-planning/powers-of-attorney-for-health-care/) - [Powers of Attorney for Property](https://www.jkelaw.com/practice-areas/estate-planning/powers-of-attorney-for-property/) - [Living Wills](https://www.jkelaw.com/practice-areas/estate-planning/living-wills/) - [Transfer on Death Instruments (TODIs)](https://www.jkelaw.com/transfer-on-death-instruments) - [Probate](https://www.jkelaw.com/practice-areas/probate/) - [Estate Administration](https://www.jkelaw.com/practice-areas/estate-administration/) - [Guardianship](https://www.jkelaw.com/practice-areas/guardianship/) - [Residential Real Estate Sales](https://www.jkelaw.com/residential-real-estate-sales) - [Profiles](https://www.jkelaw.com/profiles) - [Presentations](https://www.jkelaw.com/presentations) - [Contact Us](https://www.jkelaw.com/contact-us) - [Blog](https://24044772.hs-sites.com/blog) [SCHEDULE CONSULTATION](https://www.jkelaw.com/contact-us?hsLang=en) ![close-up-view-of-stacks-of-blank-paper-with-metal-5-1](https://www.jkelaw.com/hubfs/close-up-view-of-stacks-of-blank-paper-with-metal-5-1.jpg) # Bank Trusts/Payable on Death Accounts A bank trust, which is also known as a payable on death account or a totten trust, is created when someone indicates that a bank account should go to a successor. This is usually accomplished by adding someone’s name to a bank account. Bank trusts often result in litigation and theft. People often add another individual to their account for their own convenience. However, they usually do not intend to give the money in that account to the other individual name on their account upon death. For example, someone who is elderly, sick, or disabled may want a friend or family member to withdraw cash or pay bills. Therefore, the probate court routinely disregards bank trusts when they are challenged. Bank trusts can result in theft when someone is named on a bank account and withdraws money for his or her own purposes without permission. ![close-up-view-of-stacks-of-blank-paper-with-metal-13](https://www.jkelaw.com/hubfs/close-up-view-of-stacks-of-blank-paper-with-metal-13.jpg) ## Schedule Free Consultation ### Form ## Schedule Free Consultation ### Form ## Schedule Free Consultation ### Form ![logo-footer](https://www.jkelaw.com/hubfs/logo-footer.png) **Disclaimer:** None of the information on this website is legal advice. The information is for informational and educational purposes. 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