How Does a Trust Account Work?

Answer

A trust is a legal arrangement whereby the owner of the assets entrusts the responsibility of holding and managing the assets to a person.
Q&A Related to "How Does a Trust Account Work"
Blocked trust accounts were established through 1939 legislation in California. Prior to 1939, any earnings of a child belonged to the parents. Child actor Jackie Coogan earned millions
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What is an in trust for (ITF) account?
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I can't seen to find much information either way about the company - no trustworthy sources anyway - so I don't want to speculate on wether it is a spam account, but I can answer
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Separate bank account, segregated from a broker’s own funds, in which the broker is required by state law to deposit all monies collected for clients; in some states called
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