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Q: Does a trust account issue a K-1?
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What is a trust banking account?

What is an in trust for (ITF) account?


How do you protect an inheritance to your son from a present or future spouse or domestic partner?

You need to put the inheritance into a trust account--If you have children put the kids on the account. That is a very touchy issue.


What is the difference between a trust and a checking account?

a trust account means you trust the person that is opening the account, and a checking account means you will keep checking it to make everything is okay.


Can a person who has power of attorney over a trust account change that account into a joint account?

no In order to change the account you must be the Grantor of the Trust.


How cash check payable to trust?

I am fairly certain that the simple answer is, "You cannot." You must first deposit the check into the Trust Account and then disperse funds from the Trust Account via writing a check from the Trust Account. Obviously only persons authorized to transact the Trust's business may write checks off of the Trust Account. By doing this, the audit trail or "paper trail" of the Trust Account remains intact.


What are the responsibilities of the custodian of a trust account?

The trust will state the responsibilities.


Is Myyearbook.com a safe place Can you trust them with your email account?

yes u can trust them with your e-mail account i have an account well aloaot of accounts lol


How currency get value?

Governments issue currency, and if you trust the government, you will trust its currency.


Can trust account be sued?

No. You cannot "sue" an account. You need to sue the trustee of the account. A trustee is the human representative of a trust who can act for the trust and accept service for the trust. It can be a complicated process and you may want to consult with an attorney who can review your situation and explain your options.


What is an fob trust?

FBO means "for benefit of." In banking, an FBO trust is an account typically set up as a donation account for the person whose name the account is in.


What is trust and retention account?

Trust & retantion account opend by bank to maintain track of payment made for the purpose of project.


What does the word issue in a trust mean?

If someone says they have a trust issue, they usually mean they have trouble trusting people for whatever reason. If you want them to trust you, you should ask them why they have a trust issues, just so you can understand the situation better.