The check should be deposited into the trust account and then distributed for proper trust accounting records. I would not do it, whether technically endorsed correctly or not. You could be aiding and abetting fraud.
Client Endorsed Check Made Out to his 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?
First published on 10/18/2020