Define: In-Trust-For ("ITF") Account
In-Trust-For ("ITF") Account means an account named for a beneficiary, accessible post account holder death, changeable with unanimity among holders
In-Trust-For ("ITF") Account means an account named for a beneficiary, accessible post account holder death, changeable with unanimity among holders.
Relevant Circumstances
- When an account is held in trust for a named beneficiary
- If access transfers automatically on the death of the account holder
- Where unanimous consent is needed to change ITF account terms