Are financial institutions permitted to charge 'return deposit item fees' on Interest Bearing Real Estate Trust Accounts?
Can a customer have a personal account and name an irrevocable trust as a POD?
Can you list a payable on death beneficiary on a Trust account? If so, what is the point of putting your accounts in a trust?
A client has a check made out to his trust. He endorsed it to himself and deposited it into his personal account. He has more than sufficient cash and credit to support the amount if a bad endorsement was claimed and we have no issue giving him credit. Are we at any increased risk by depositing that check?
How can we streamline trust document tracking?
May a Trust open a safety deposit box?
If the trust is using the SSN of the grantor, and the grantor dies, how soon after death must the trustee obtain an EIN for the trust?
If there is more than one grantor/trustee, as in a joint trust, upon the death of the grantor whose SSN was used, can the SSN of the surviving grantor then be used?
If the trust has two grantors (husband and wife) and one of the grantors dies, is the trust still revocable until the second grantor dies?
Customer has a trust and a will. Customer dies. Which one controls what happens to the account?