Common Contracts
1 similar Trust Account Opening Request contracts
REQUEST TO OPEN REVOCABLE OR IRREVOCABLE TRUST ACCOUNTSTrust Account Opening Request • December 6th, 2019 • Washington
A trust is an agreement between parties in which the trustee manages property on behalf of the trust for the benefit of the named beneficiaries. Generally, there are two types of trusts: revocable (also called revocable living) and irrevocable. A revocable trust is usually created to manage assets during the trustor/trustee’s lifetime. An irrevocable trust provides for the ongoing management of assets for the trust for the benefit of a named beneficiary.
