When opening a DBA account with an SSN, is there any reason to run a ChexSystems or similar report on the DBA name? Is the same true for a trust using an SSN?
Can a check payable to the signer on an checking account be deposited into a checking account with a Trust as the owner?
Can a business deposit account be opened by a revocable trust with the tax ID used for the trust? The individual is the owner of the trust and also the trustee.
We have a husband and wife who want to open a checking account. They would like to make it payable on death to a revocable trust in their names. Is this possible?
This is a question about a revocable living trust. The situation is that the trustor has passed away and the trustee is to set up accounts for the listed grand children. She was told that she would need to get an EIN number for them. What type of account would this be? A trust for each one and is there any documentation that would be needed other than the original trust papers?
Our customer has a Revocable Living Trust, with her son as successor trustee. Her son has had a stroke, and, although he has recovered, the trustee has named his wife as successor trustee if the son should be unable to serve. If the wife is unable to serve, she has named her grandson. If the grandson is unable to serve, she has named her granddaughter. She has presented us an amendment to her Revocable Trust stating each of these successor trustees. She is wanting us to list each of the 4 successor trustees and have them sign the signature card as such. I read the amendment as the son would be the only successor trustee. It's not until he is unable to serve that we would change the signature card to reflect the next successor trustee. Is this correct or do we list all 4 successor trustees now?
Can the custodian of an Oklahoma UTMA account name a Living Trust as the Successor Custodian of the UTMA?
In the state of North Carolina, what is the wording needed to go in a POA to enable an attorney-in-fact to act on behalf of a sole trustee? Example: a husband is grantor and sole trustee. He wants his wife, who is his attorney-in-fact, to be able to sign on a bank account for the trust.
Can you list a business name DBA on a trust account?
We have a check made out to the estate of a customer that recently died. The account is set up with us as a trust account. Can we still deposit this check into this style of an account?