Q: We recently started a tour operator company. We plan to place client deposits in a bank account that we will call our "trust account." Checks payable to our company will be endorsed by us to the ...

A trust is its own legal entity and can have its own bank account. Finding the right trust bank account, like those offered by Ally Bank, Charles Schwab, or J.P. Morgan Private Bank, can help ensure ...

There are 5 times you may want to name your trust as an IRA beneficiary. Is most other scenarios this could be a huge estate ...

Forbes contributors publish independent expert analyses and insights. Matthew F. Erskine is a trusts and estates attorney. The FDIC has issued final regulations that, as of April 1, 2024, will change ...

Once you know what kind of trust you'd like, follow these steps to open a trust account. Many, or all, of the products featured on this page are from our advertising partners who compensate us when ...

Trust accounting—specifically, the management and recordkeeping of client trust accounts—is an aspect of legal practice that demands meticulous attention. Whether dealing with escrowed funds, ...

Readers of my column know I emphasize the importance of naming beneficiaries for every IRA account. Many ask under what ...

Question: I am named as my grandmother’s trustee to handle things on her death and Granny passed away a week ago. In figuring out what her trust assets are, I found that she has over $800,000 in one ...