Can an IRA go into a trust account?

Answer According to the Wall Street Journal, IRA funds can be transferred to a trust, but they will be immediately subject to taxation. Alternatively, a trust can be named as a willed beneficiary of an IR... Read More »

Top Q&A For: Can an IRA go into a trust account

How to Start a Trust Account?

Every state has its own laws pertaining to trusts and in every state there are many different types of trusts that you can establish. However, the person who creates the trust, known as the grantor... Read More »

How to Set Up a Family Trust Account?

A family trust account, also known as a family trust fund, is essentially a pooling of one's assets (such as cash, real estate, stocks and bonds) set up by a person for the benefit of some or all o... Read More »

What is a bank trust account?

A bank trust account is a bank account that is owned by a trustee according to the terms of a legal trust. The bank account is considered trust property.GeneralA trust is a legal relationship invol... Read More »

What is a trust bank account?

A trust bank account is a checking, saving or other type of bank account that a trustee opens on behalf of a trust. The trust bank account might hold trust property or it might be an administrative... Read More »