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Depositing "other" checks into Trust

Answered by: 

Question: 
It it allowed that a customer who is a trustee on a family trust account, may deposit checks that are made payable to that customer's business into the trust account?
Answer: 

It would be a breach of fiduciary duties for the trustee or the bank to knowingly allow the co-mingling of trust and business assets.

First published on 06/26/2022

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