Trust accounting—specifically, the management and recordkeeping of client trust accounts—is an aspect of legal practice that demands meticulous attention. Whether dealing with escrowed funds, ...

Christy Bieber has a JD from UCLA School of Law and began her career as a college instructor and textbook author. She has been writing full time for over a decade with a focus on making financial and ...

Once you know what kind of trust you'd like, follow these steps to open a trust account. Many, or all, of the products featured on this page are from our advertising partners who compensate us when ...

Q: We recently started a tour operator company. We plan to place client deposits in a bank account that we will call our "trust account." Checks payable to our company will be endorsed by us to the ...

Trusts allocate assets to a beneficiary. An in-trust account, or an ITF, is an informal option that does not require a legal deed of trust. Many or all of the products on this page are from partners ...