SIE: 8.2.8. Trust Accounts

8.2.8. Trust Accounts

Trust accounts are special types of accounts that often operate like individual accounts, with some special features. Trust accounts are most commonly used to help individuals ensure the smooth passing of their assets to their heirs upon their deaths, as well as to minimize possible estate and inheritance taxes. Sometimes, they are also used to provide for a minor child or a disabled loved one, or to keep an irresponsible person from wasting needed money.

The t