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- To create a trust account, follow these steps:
- Decide what type of trust you want.
- Create a legally binding trust agreement.
- Choose your beneficiaries and trustee(s).
- Choose a bank or financial institution.
- Finalize documentation12.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.How to Open a Trust Account
- 1. Decide what type of trust you want. ...
- 2. Create a legally binding trust agreement. ...
- 3. Choose your beneficiaries and trustee (s). ...
- 4. Choose a bank or financial institution. ...
www.nerdwallet.com/article/investing/estate-planni…Here are the five general steps to set up a trust:
- Determine what kind of trust best fits your needs. It’s a good idea to consult with an estate planning attorney about your requirements.
www.nerdwallet.com/article/investing/estate-planni… - People also ask
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