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#2114192 - 01/13/17 11:33 AM Multiple Trusts on Deposit Account
NeedyBanker Offline
New Poster

Registered: 01/13/17
Posts: 2
Has anyone been asked and/or set up checking accounts with the title of two Revocable Trusts? Trying to determine if it is okay or a conflict. How would the assets be distributed if the trustee of one trust dies?

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#2114230 - 01/13/17 01:16 PM Re: Multiple Trusts on Deposit Account [Re: NeedyBanker]
ocbeach Offline
Junior Member

Registered: 09/01/15
Posts: 45
Loc: Maryland
Yes, we have been asked by two different customers. Ran it by legal, who advised not to touch it with a ten foot pole.

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#2114248 - 01/13/17 02:00 PM Re: Multiple Trusts on Deposit Account [Re: ocbeach]
NeedyBanker Offline
New Poster

Registered: 01/13/17
Posts: 2
Thank you - my feeling too

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