Trust Checking Account Archives

What Is a Trust Checking Account?

August 11, 2020July 21, 2020 by Werner Law Firm

A trust checking account is a bank account set aside to hold assets in-trust for beneficiaries, as well as funds for paying expenses and miscellaneous fees during the distribution and dissolution of a trust agreement. Either the grantor/settlor of a trust or their trustee can set up a trust checking account, and these accounts make …

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