We have a customer that would like to open a safe deposit box ni the name of his Trust. This has sparked quite the discussion here today. We have talked abotu it but not come up with a conclusion. Some say we should do it, some say no, it needs to be in an individual's name. Any suggestions?
We allow fiduciary boxes to be open as long as a the bank's trust authorization and agreement is executed. For guardianships, conservatorships, estates, etc., we will open with a court order.