To manage funds effectively, the trust must have its own bank or investment accounts.
These accounts are opened in the name of the trust and are used for receiving funds, paying expenses, and managing investments.
Maintaining clear separation between trust finances and personal finances is essential for compliance and transparency.
👉 This is Step 6 in our SDT series. Read the full overview here.
Looking for professional assistance with a Special Disability Trust? Discover how our SDT services can support you.
Disclaimer and Warning
The information above is of a general nature only. It should not be used as a source to make financial decisions. It’s also important to note that the legislation and figures related to this topic tend to change regularly and therefore the information above may not reflect the current status. We recommend that if you are looking for advice on this matter, you should contact us.