A well-designed trust can help save time, paperwork and other headaches when settling an estate. Many, or all, of the products featured on this page are from our advertising partners who compensate us ...

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 ...

Christy Bieber has a JD from UCLA School of Law and began her career as a college instructor and textbook author. She has been writing full time for over a decade with a focus on making financial and ...

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 ...

Bank customers who have trust accounts may see their FDIC insurance coverage limits lowered due to new changes that went into effect April 1. Here's what you need to know to make sure your deposits ...

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 ...

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, ...

An attorney trust account is unlike any other bank account. Unique rules apply, and most lawyers don't know them, so solos and small firms tremble at the thought of an ethics audit. Attorneys in large ...

To set up a trust, you’ll need to evaluate its purpose, select a trust type, choose a trustee and outline your beneficiaries, decide what assets to place, and complete the legal process for setting up ...

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Trust accounts provide a way for lawyers to hold a client's money while working on a case. When a client gives you a payment, you can enter it into a separate designated checking account. Before you ...