Question : Can I put my personal checking account in my living trust?
I have a living trust for my house, can I put my checking account in there to protect it also?
- asked by elly56@sbcglobal.net
All Answers:
Answer #1
No, trust are for static frozen assets andrequire procedures to acquire or dispose (spend)
- answered by cridler
Answer #2
Absolutely you can (ignore the other answerer). Just bring a copy of your trust to your bank, andthey will take care of it. The account will beheld in the name of "[you], trustee of the[whatever] trust dated [date]." My in-laws have aliving trust with their checking account (amongother assets) in it.
- answered by Ira01
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measure and fulfill your financial needs
