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#648902 - 12/07/06 08:34 PM Trusts
J.R. Offline
Junior Member
Joined: Aug 2005
Posts: 40
Midwest
Can two seperate trusts be joint owners on a checking account?
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J.R.

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Operations Compliance
#648908 - 12/07/06 08:36 PM Re: Trusts J.R.
#Just Jay Offline
10K Club
#Just Jay
Joined: Oct 2006
Posts: 14,390
Cheeseheadland
ewwww....seems like a paperwork and tracking nightmare to me!
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#648944 - 12/07/06 08:59 PM Re: Trusts #Just Jay
BBoyd Offline
Diamond Poster
BBoyd
Joined: Mar 2002
Posts: 2,494
MI
The biggest problem is who the Successor Trustees are. They would have to be the same person(s) or you'd have a nightmare when a Trustee passes away. We've had that happen on an older account and it WAS a nightmare.
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Opinions are mine and never to be taken as legal advice!

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