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Trustee Designate Authorized Signer for Checking?

Can the Trustee of a formal trust account designate an authorized signer for the checking account?

by Brian Crow:

Any such authority must be explicitly granted within the trust document. If you are not sure whether the trust document contains the needed language it should be reviewed by bank counsel.


by Ken Golliher:

Start with "No" and don't bother considering any other response unless someone points you to contrary language in the trust agreement. Serving as a fiduciary is a personal responsibility, it cannot be delegated to someone else.

First published on 03/25/2018

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