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 ...

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, ...

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 ...

Ask the Expert: How Can I Make Sure My Trust Actually Works the Way I Planned?

Next year, California will set up trust accounts for children in low-income families who lost a parent or guardian to COVID. But before any money can be claimed, the state now has the herculean task ...

Almost every funded trust has one or more bank accounts—checking, savings, money market or certificates of deposit—and most of those accounts are insured by the FDIC. What many do not realize is that ...

When it comes to estate planning, families often wonder whether it's better to leave behind a trust fund or a traditional ...

Setting up a Miller trust could help you qualify for Medicaid nursing home benefits. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you ...

Of the thousands of ethics complaints filed each year to the Pennsylvania Office of Disciplinary Council, violations involving IOLTA accounts—a particular type of trust account whose use is mandatory ...

As the sole trustee of a trust account, a Sarasota County lawyer violated that trust by paying himself more than $1.06 million too much in trustee fees, the Florida Bar alleged. The case referee and ...