When you get into the world of estate planning, you’re likely to become familiar with the concept of trusts and trustees. What is an account in trust? In simplest terms, it’s an account that’s opened ...

Forbes contributors publish independent expert analyses and insights. Matthew F. Erskine is a trusts and estates attorney. The FDIC has issued final regulations that, as of April 1, 2024, will change ...

"Lawyers are not accountants … and these are hyper technical rules," Scott Westheimer, president of The Florida Bar, said. "All of those common types of violations, that are technical, we think can be ...

CHICAGO--(BUSINESS WIRE)--Northern Trust (Nasdaq: NTRS) announced today the successful upgrade of its SAP Financial Asset Management application to SAP S/4HANA, which further enhances its Insurance ...

An irrevocable trust is an essential tool in the kit of most estate planners, not only for sheltering assets from future estate tax, but for protection from potential creditors and lawsuits. Depending ...

NEW YORK--(BUSINESS WIRE)--Paradigm, a market-leading provider of legal practice management and payments software, today announced its acquisition of TrustBooks, a cloud-based accounting software ...

The California State Bar will select for study the client trust accounts of 100 attorneys over the next month, after a ...

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 ...