{"id":287088,"date":"2017-07-31T16:49:09","date_gmt":"2017-07-31T21:49:09","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-law\/estate\/trusts\/what-is-a-trust-account.html"},"modified":"2025-07-25T12:40:00","modified_gmt":"2025-07-25T17:40:00","slug":"what-is-a-trust-account","status":"publish","type":"page","link":"https:\/\/www.findlaw.com\/estate\/trusts\/what-is-a-trust-account.html","title":{"rendered":"What Is a Trust Account?"},"content":{"rendered":"\n
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What Is a Trust Account?<\/h1>\n\n
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\n By FindLaw Staff<\/a> | Legally reviewed by Aisha Success, Esq.<\/a>\n | Last updated\n
\n \n <\/i>\n Legally Reviewed\n <\/summary>\n\n
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This article has been written and reviewed for legal accuracy, clarity, and style by FindLaw\u2019s team of legal writers and attorneys<\/a> and in accordance with our editorial standards<\/a>.<\/em><\/p>\n\n <\/div>\n <\/details>\n\n

\n \n <\/i>\n Fact-Checked\n <\/summary>\n\n
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The last updated date refers to the last time this article was reviewed by FindLaw or one of our contributing authors<\/a>. We make every effort to keep our articles updated. For information regarding a specific legal issue affecting you, please contact an attorney in your area<\/a>.<\/em><\/p>\n\n <\/div>\n <\/details>\n<\/section>\n\n\n

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Key Takeaways<\/h2>\n

A trust account is an account in which funds or assets are held and managed by a trustee and eventually distributed to a named beneficiary. A trust account can also be used to temporarily hold funds in escrow.<\/p>\n\n <\/div>\n <\/div>\n<\/div>\n\n\n

Different types of trust accounts are used as\u00a0estate planning tools<\/a>. This includes:<\/p>\n