10/28/2018
Do all husband and wife trusts become irrevocable upon the death of one of them?
10/14/2018
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?
10/07/2018
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?
09/30/2018
Customer has a trust and a will. Customer dies. Which one controls what happens to the account?
08/05/2018
Our practice is not conducting ACH transactions for Trust accounts such as Escrows. Is there any compliance reason to prohibit ACH for escrow or is it merely a business decision? Escrow company doesn't conduct ACH transactions but wires or check only.
03/25/2018
An Irrevocable trust - act separately or act together? The trust agreement doesn't state the powers the trustees have and how they should act upon it. The only thing it lists are the trustees that are joined with an "and." The trust is mainly about the property not financial accounts. The trustees would like the account setup so they can act separately, but I can't find any information on this. What are your thoughts?
01/07/2018
If grantors of a trust are deceased, can the trustee's leave the SSN of the grantor as the tax ID for the account and can they make deposit into the account not payable to the trust specifically?
01/07/2018
If we have a Revocable Trust and the Trustee dies, must the Successor Trustee have the Trust amended if they want to convert it into a Irrevocable Trust with an EIN?
We will open a new account. Where do they get the Trust amended?
11/19/2017
We have a client who wants to cash checks payable to his trust instead of depositing the check first and than doing a counter withdrawal. Does anyone know the UCC code so we can provide documentation as to why this isn't allowed?
10/15/2017
Can a check made out to a Trust be deposited into a personal account owned by the members of the trust?