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Q: What does UA DTD mean on a Charles Schwab trust account statement?
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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.


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

The trust will state the responsibilities.


What is trust and retention account?

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


What is a Jackie Coogan Bank Account?

What is a Coogan Account? A "Coogan Trust Account" is a blocked trust account that is established at a qualified financial institution in California that is insured at all times by either the FDIC, SIPC or NCUSIF. Under California law, whenever a minor renders artistic services, employers are required to deposit 15% of gross earnings directly into the minor's "Coogan (blocked trust) Account". The monies placed in trust cannot be touched by anyone until the minor turns 18 or becomes legally emancipated. Parents or Legal Guardians are required to establish a "Coogan Trust Account" within seven business days after a minor's employment contract is signed, and to provide the minor's employer with a copy of a trustee's statement (evidencing proof of the account) within ten (10) business days after the start of employment.

Related questions

Is schwabcom a good place for advice?

When asked about Schwab I knew the company by name. I realized this company has been in business a long time. This is one of the most reliable investment companies to go to. When you hear the name Charles Schwab you know you can trust this company


What is the ticker symbol for Schwab Managed retirement trust fund 2030?

The Schwab retirement trust funds don't have ticker symbols ( https://mypay.schwab.com/benefits/retirement/docs/funds.pdf ).


What is the meaning of 'ITF' on a bank statement?

It could mean: Internal Transfer of Funds In Trust For Interim Trust Fund International Trust Fund If the bank account is a ITF ("in trust for") or FBO ("for benefit of") type of trust account, then the beneficiary will gain immediate control of the account upon your death without going to court, though possibly subject to estate tax.


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.


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

The trust will state the responsibilities.


Can you know your pf amount with pf number entered through net?

Hi, Each year most companies give a PF statement to their employees. If this has not been given to you, you need to find out who your PF trust is and what your PF id and you need to get in touch directly with the PF trust to get your account statement. Alternatively, you can ask your previous company to get it for you. Cheers!


What are considered lawful withdrawals from a trust account?

All of the following would be lawful withdrawals from a trust account EXCEPT


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

yes u can trust them with your e-mail account i have an account well aloaot of accounts lol


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.