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no In order to change the account you must be the Grantor of the Trust.
I am fairly certain that the simple answer is, "You cannot." You must first deposit the check into the Trust Account and then disperse funds from the Trust Account via writing a check from the Trust Account. Obviously only persons authorized to transact the Trust's business may write checks off of the Trust Account. By doing this, the audit trail or "paper trail" of the Trust Account remains intact.
The trust will state the responsibilities.
Trust & retantion account opend by bank to maintain track of payment made for the purpose of project.
Absolutely....All one needs is to be the trustee of the irrevocable trust, have a Tax Identification number for the trust, and all documents for the estate, investments, shares, and accounts you are planning to transfer into the Trust account.
What is an in trust for (ITF) account?
a trust account means you trust the person that is opening the account, and a checking account means you will keep checking it to make everything is okay.
no In order to change the account you must be the Grantor of the Trust.
I am fairly certain that the simple answer is, "You cannot." You must first deposit the check into the Trust Account and then disperse funds from the Trust Account via writing a check from the Trust Account. Obviously only persons authorized to transact the Trust's business may write checks off of the Trust Account. By doing this, the audit trail or "paper trail" of the Trust Account remains intact.
If you or your lawyer is the trustee, then you need to get the trust account banker to close the account, obtain written confirmation that it has been closed, and then destroy all associated checks after transferring the money. If someone else is the trustee, it will be up to them to close it.
The trust will state the responsibilities.
The best trust me
Lawful withdrawals from a trust account typically include distribution of trust assets to beneficiaries according to the terms of the trust document, payment of trust expenses and fees, and reinvestment of trust funds as specified. Any withdrawals must be in line with the trust agreement and must not breach fiduciary duties or misuse trust funds. Additionally, any withdrawals should be properly documented and accounted for to ensure transparency and compliance with legal requirements.
yes u can trust them with your e-mail account i have an account well aloaot of accounts lol
No. You cannot "sue" an account. You need to sue the trustee of the account. A trustee is the human representative of a trust who can act for the trust and accept service for the trust. It can be a complicated process and you may want to consult with an attorney who can review your situation and explain your options.
FBO means "for benefit of." In banking, an FBO trust is an account typically set up as a donation account for the person whose name the account is in.
Trust & retantion account opend by bank to maintain track of payment made for the purpose of project.