What Is a Trust Checking Account? A trust checking account is a bank account held by a trust, allowing trustees to pay ...
Opinions expressed by Forbes Contributors are their own. Matthew F. Erskine is a trusts and estates attorney. The FDIC has issued final regulations that, as of April 1, 2024, will change how bank ...
Sometimes, trusts need a place to put cash. That’s where a trust account comes in. Trust bank accounts hold trust funds and may earn interest, cover expenses or simply store money for the trust.