Should The Credit or Debit Card Have The Trust or Trustee Name

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  Yes, a trust can apply for credit cards. This will create minimum contact in the public, so utilize an Operating Trust; however, we typically suggest a C-Corp to build corporate credit. Debit cards are often issued on trust bank account opening, if ...

• Does One Need to Name a Successor Trustee

  This depends on the individual bank one is opening an account with. For example Chase requires a Successor Trustee, but TD Ameritrade requires a Co-Trustee, and other banks only require one Trustee to sign. Call the bank before the appointment to ...

• A Specific Company Does Not Allow Payment Via Credit Card – What Can Someone Do

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• Does One Need to Name a Beneficiary

  Every trust MUST name a beneficiary, but it does not need to be named in the Trust Corpus documents. In fact, it is explicitly stated that for privacy concerns, the beneficiary will be named in the Trust Minutes of the very first Trust Meeting. The ...

• How Should An Officer or Trustee's Name Be Written

  Typically it is suggested that a trustee have their name written (First Middle Last), but for an officer of a corporation that is not required as the position, company and statutory privileges are all public.