Banking

How do I set up a bank account for my revocable living trust?

You'll need to bring your signed trust document and trustee identification to the bank to open an account in the trust's name. The account title should read something like 'John Smith, Trustee of the Smith Family Trust dated January 1, 2024.' Most banks require the trust document to verify your authority as trustee. You can then transfer existing accounts into the trust by updating the ownership with each financial institution.