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Q: Douglass account is written in 1881 twenty two years after the raid. do you trust his account?
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What is a trust banking account?

What is an in trust for (ITF) account?


What is the difference between a trust and a checking 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.


Can a person who has power of attorney over a trust account change that account into a joint account?

no In order to change the account you must be the Grantor of the Trust.


How cash check payable to 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.


My father passed away years ago, but we never transferred assets out of his account or closed his trust. What must I do to close the trust after I transfer the funds out of it?

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.


What are the responsibilities of the custodian of a trust account?

The trust will state the responsibilities.


How good is twenty one pilots?

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What are considered lawful withdrawals from a trust account?

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.


Is Myyearbook.com a safe place Can you trust them with your email account?

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Can trust account be sued?

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.


What is an fob trust?

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.


What is trust and retention account?

Trust & retantion account opend by bank to maintain track of payment made for the purpose of project.