What Are Trust Bank Accounts?

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What Are Trust Bank Accounts? – This is a place for the community to provide tips and advice on What Are Trust Bank Accounts?. This topic was created by Mr Meuble and the tips are provided by the community. The tips you add here can be your own or referred from another site. The best tips are then ranked at the top when up-voted by members of the community.

Tip 1 - What Is a Bank Trust Account?

Published: 9 years, 4 month(s) ago | Submitted by X Deadly Dragon X | permalink

Most banks offer trust accounts as an optional service. In a trust account, a trustee controls funds for the benefit of another party - an individual or a group.The bank trust account is a useful way ...

For further reading: http://info.legalzoom.com/bank-trust-account-20045.html ^[1]

Tip 2 - How Do I Set Up an Estate or Trust Bank Account?

Published: 9 years, 4 month(s) ago | Submitted by Xavier Troisi | permalink

Estate or trust accounts are set up to provide a safe haven for assets as they are being passed on or used on the behalf of the account beneficiaries. The estate account holds funds for a short ...

For further reading: http://homeguides.sfgate.com/set-up-estate-trust-bank-account-6685.html ^[2]

Tip 3 - What is trust account? definition and meaning

Published: 9 years, 4 month(s) ago | Submitted by Homer Odum | permalink

Definition of trust account: An account in which a bank or trust company (acting as an authorized custodian) holds funds for specific purposes such as to pay property taxes and/or insurance premiums associated with a mortgaged pr...

For further reading: http://www.businessdictionary.com/definition/trust-account.html ^[3]

Tip 4 - What Does a Bank Require When Opening a Trust Account?

Published: 9 years, 4 month(s) ago | Submitted by pastis | permalink

A trust account holds money designated in a trust agreement for a specific person or group, such as the beneficiary of an estate. If you're the trustee for your father's estate, for instance, you'll ...

For further reading: http://budgeting.thenest.com/bank-require-opening-trust-account-22571.html ^[4]

Tip 5 - Estate Planning Made Easy: Establishing Trust Bank Accounts

Published: 9 years, 4 month(s) ago | Submitted by Lou Boudreau | permalink

An important element of the estate planning strategy is maybe the simplest component of them all -- how to handle common bank accounts.
Tags: estate, planning, made, easy:, establishing, trust, bank, accounts, fifty

For further reading: http://www.huffingtonpost.com/diane-morais/estate-planning-made-easy_b_3530708.html ^[5]