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 ...

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 ...

Leonard’s wife, Kelly-Anne, has been receiving checks in an irrevocable trust for more than 20 years. When she was a teenager, her mother set up the trust, naming Kelly-Anne’s uncle as the trustee.