Posted on July 28, 2010.
Can I put my personal checking account in my living trust? I have a living trust for my house, can I put my account in there to protect him too?
Absolutely, you can (ignore the other answerer). Just bring a copy of your trust your bank, and they take care of him. The account will be opened in the name of "[you], trustee of the [all] of Trust dated [insert date]." My wife's parents have a living trust with their current account (among other assets) in her .
No, trust assets are frozen and static procedures require acquisition or disposal (spend)