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 ...

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 ...

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 ...

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, ...

A living trust is a smart way to pass wealth down to a younger generation, but this method can make access to certain accounts difficult.

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 ...

How does a trust fund work? When a grantor is ready to allocate assets to a beneficiary, they consult a trustee and set up a system by which the beneficiary will receive those assets. Trust funds can ...

Trust banking might sound like a boring topic, but it’s actually pretty important. It’s all about managing your money and assets in a way that helps protect them for the future. But here’s the thing: ...

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...

Of the thousands of ethics complaints filed each year to the Pennsylvania Office of Disciplinary Council, violations involving IOLTA accounts—a particular type of trust account whose use is mandatory ...

Equity Trust is an IRS-approved custodian of alternative assets for retirement and other tax-advantaged accounts. It offers services to individual investors and institutions, with over 130,000 ...