My father and brother are co-trustees of our family trusts. Dividend checks from my dad's investments are made out to my brother and dad as co-trustees. My dad and I have a jointchecking account. Prior to my dad's death, he was endorsing his dividend checks, depositing them into our joint checking account, and I would write checks on that account with my signature to pay dad's bills. Dad has now died, and until the trust assets are divided into separate accounts in the three beneficiarys' names, the investment checks will continue to arrive made out to my dad and brother. How can those checks be endorsed, so that I can continue to deposit them into (what was) the joint checking account (which I believe I now own) so that I can continue to pay dad's bills?
If the dividends are payable to your late father and your brother as co-trustees, and your father has died, the payments are the property of the trust, and not yours. You and your brother should put pressure on the attorneys who are working on winding down the trust so that the investments can be re-registered in the appropriate names.
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If the dividends are payable to your late father and your brother as co-trustees, and your father has died, the payments are the property of the trust, and not yours. You and your brother should put pressure on the attorneys who are working on winding down the trust so that the investments can be re-registered in the appropriate names.
