Skip to content
BOL Conferences
Thread Options
#2272994 - 07/18/22 04:56 PM Insurance Check Payable to Individual and Trust
Susielou Offline
Gold Star
Joined: Aug 2005
Posts: 362
Midwest
We have an insurance check payable to John and Jane Doe and Jane Doe Rev Trust. Does all or part of the check get deposited into the Trust account? Can it be split between parties?

Return to Top
Deposits and Payments
#2273026 - 07/19/22 01:55 PM Re: Insurance Check Payable to Individual and Trust Susielou
rlcarey Online
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,393
Galveston, TX
If the check is properly endorsed, the holder my do whatever they want to do with it. Determining the proper endorsements is the key. That would be impossible without a copy of the trust agreement. If this is a large amount, get your legal counsel involved.
_________________________
The opinions expressed here should not be construed to be those of my employer: PPDocs.com

Return to Top

Moderator:  John Burnett