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What else can I help you with?
Can you deposit a check written to a trustee in your personal account?
No, you typically cannot deposit a check made out to a trustee into your personal account. Checks written to a trustee are intended for the trust and should be deposited into the trust's account. Doing otherwise could violate fiduciary duties and legal obligations associated with managing the trust's assets. It's best to consult with a financial advisor or attorney for specific guidance.
Can you endorse a check payable to you as trustee under a revokable living trust over to you as an individual and then deposit it in your individual bank account?
no. It must be deposited in an account "owned" by the trust. Once in that account, the trustee(s) [i.e. you] can move the money wherever it needs to go ... including into your personal account.
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.
How do you cash a check payable to a trust if both trustees have passed and their is no trust account to deposit the check into and you are the successor trustee?
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.
Can you endorse a check for someone else to deposit in your account?
Yes, you can endorse a check for someone else to deposit in any account, yours or his or some random person in the Middle East. Once you endorse the check, it is considered "as good as cash" unless you write "For Deposit Only" on the back as well - then it must be deposited into a bank account somewhere. If you trust the person who will be depositing the check, feel free to endorse the check and let them take it to a bank or ATM for depositing into your account - they will need your bank deposit slip or your bank card with PIN to do so.
What is the minimum deposit to open a savings account with SunTrust?
The minimum deposit required in order to open a savings account with Sun Trust in one hundred dollars and with this you can start your own savings account with Sun Trust.
What does TTEE mean?
TTEE is an abbreviation for "trustee." The trustee on a trust or on a other deposit account controls the assets in the trust or the funds in the account.
Set up direct deposit for pension?
Whoever is paying your pension will be happy to deposit it directly, if you instruct them to do so and tell them the account number and bank transit number (both of which are on the bottom of your check, if this is a checking account) of the account into which you would like the pension to be deposited.
Who has the liability of endorsement on a deposited check?
The payee, who is the person the check is written to. If they don't sign the back of the check before they deposit it, then the bank the check is drawn on (where the person who wrote the check banks at) can return the check for up to 7 years after it is deposited into the payees account. If that happens, then the bank where the payee banks at (where the check was deposited) will usually debit your account for the amount of the check. Also, if a check is made out to more than one person and includes the word "and" between the persons names, then both must sign or it must be deposited into an account owned by all payees listed on the check and stamped by the bank. If the word "or" is between the names, then only one payee need sign it. If it is made payable to a business or trust, then it must go into a business or trust account. It cannot go into the personal account of the business owner or of a trustee.
How do you put money that is your own in a bank account without using your own name?
You can put it into a trust account owned by an attorney; you can set up a trust of your own and open an account in the name of the trust, with a trustee's name; you can use the money to capitalize a new corporation of which you're the only shareholder and then deposit the money in the corporate account, among other ways.
How do you write an in Trust check?
A deposit, once made, is monies held by the brokerage "in trust" on behalf of the two parties to the transaction and it becomes subject to the conditions of the Agreement of Purchase and Sale. All brokerages are required to have a trust account into which all client and customer deposits are held. The trust account is separate from any other bank account a brokerage may have in the course of doing business. Deposits are placed in the trust account and are deducted from the balance to be paid upon closing. Funds deposited into a trust account are protected under the Real Estate Commission's Recovery Fund, which protects consumers against fraudulent acts committed by Industry Members. A deposit, once made, is money held by the brokerage "in trust" on behalf of the two parties to the transaction and it becomes subject to the conditions of the Agreement of Purchase and Sale. All brokerages are required to have a trust account into which all client and customer deposits are held. The trust account is separate from any other bank account a brokerage may have in the course of doing business. Deposits are placed in the trust account and are deducted from the balance to be paid upon closing. Funds deposited into a trust account are protected under the Real Estate Commission's Recovery Fund, which protects consumers against fraudulent acts committed by Industry Members.
Should you trust free WIFI?
No, they might check your personal things.
