The Uniform Transfers to Minors Act (UTMA) is an act that allows a minor to receive gifts such as money, real estate, and fine art without aid.
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 ...
As of April 1, 2024, the Federal Deposit Insurance Corporation (FDIC) has implemented significant changes to its insurance coverage limits, particularly affecting trust accounts. These adjustments aim ...
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