What are trust and other fiduciary accounts? What are their types and features?
Trust and fiduciary accounts are accounts opened by trusts or by persons entrusted with funds in a fiduciary capacity (attorneys, guardians, custodians, agents, etc.) They are opened by persons owing a duty to protect the funds for someone else's benefit.
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Trust and fiduciary accounts are accounts opened by trusts or by persons entrusted with funds in a fiduciary capacity (attorneys, guardians, custodians, agents, etc.) They are opened by persons owing a duty to protect the funds for someone else's benefit.
