if a business is a dba who do you write the check pyable to
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.
make it payable to yourself or cash and go to the bank and cash it.
You have at least two options. If possible, you could cash the check at the bank the check is drawn from. You would need to show proof of your identity, proof of the trust and proof of your appointment as successor trustee. Or, you must open a bank account in the name of the trust. If your trust receives checks then it needs a bank account. You would need the same proof as stated above to open an account. The bank would probably hold the check until it has cleared since you don't have any other trust funds to deposit that would cover that check. When assets are placed in a trust you must follow the provisions of the trust and trust law when dealing with the property.
No, cashier's check is a guarantee funds by the issuer bank and must have a guarantee payee. Never payable to cash.
To make a check payable to a third party, it must first be signed by the payee. The payee then makes it payable to the third party.
Please make your check payable to Greendale Public Schools.
A "blind trust" is payable whenever the terms of the trust say it is payable. A "blind trust" has no features that are different than any other trust except for the fact that the beneficiaries are not allowed to see where the trust assets are invested or influence how they should be invested.
if a business is a dba who do you write the check pyable to
Yes, typically the debts of a trust are payable out of the trust estate. Creditors of the trust have the right to seek payment from the assets held within the trust before distribution to the beneficiaries.
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.
make it payable to yourself or cash and go to the bank and cash it.
Yes, a check made payable to cash can be negotiated by whoever holds the item.
Yes. That is exactly why trustees must be appointed to act for the trust. Since a trust is a legal relationship it must have a person who can act for it in the real world, including the signing of checks. However, the bank will require a certificate or affidavit confirming the person presenting the check is the trustee. It may also require a copy of the trust and any amendments.
You have at least two options. If possible, you could cash the check at the bank the check is drawn from. You would need to show proof of your identity, proof of the trust and proof of your appointment as successor trustee. Or, you must open a bank account in the name of the trust. If your trust receives checks then it needs a bank account. You would need the same proof as stated above to open an account. The bank would probably hold the check until it has cleared since you don't have any other trust funds to deposit that would cover that check. When assets are placed in a trust you must follow the provisions of the trust and trust law when dealing with the property.
No, cashier's check is a guarantee funds by the issuer bank and must have a guarantee payee. Never payable to cash.
yes no mabey......im only fourteen...lol...in ur face