Trust Account in a sentence
Synonym: escrow account.
Meaning: An account held by a trustee for the benefit of another.
(1) I opened a trust account to manage my inheritance.
(2) The trustee embezzles funds from the trust account.
(3) The minimum balance for a trust account is $50,000.
(4) The trust account protected the assets from creditors.
(5) The trust account earned interest on the deposited funds.
(6) The trustee misappropriated funds from the trust account.
(7) The bank requires certain documents to open a trust account.
(8) The bank requires a minimum deposit to open a trust account.
(9) The bank charged a small fee for managing the trust account.
(10) The accountant embezzles money from the client's trust account.
Trust Account sentence
(11) The trust account was established to support charitable causes.
(12) The parents opened a trust account for their child's college fund.
(13) The court appointed a guardian to oversee the minor's trust account.
(14) The trust account offers tax advantages for estate planning purposes.
(15) The trust account can be accessed only by the authorized individuals.
(16) The trust account provided a secure way to hold funds for future use.
(17) The wealthy individual created a trust account to manage their assets.
(18) The grantor named their children as beneficiaries of the trust account.
(19) The trust account offers flexibility in managing and distributing funds.
(20) The lawyer advised me to set up a trust account for my children's future.
Trust Account make sentence
(21) The lawyer explained the legal requirements for managing a trust account.
(22) The company established a trust account to hold employee retirement funds.
(23) I would like to make a cheque book request for my business's trust account.
(24) The bank provided detailed statements for the trust account's transactions.
(25) The couple decided to open a trust account to save for their dream vacation.
(26) The bank will hold funds in a trust account for the client's estate planning.
(27) The trust account provides a secure way to hold funds for a specific purpose.
(28) The trust account safeguards the assets from potential lawsuits or creditors.
(29) The funds are payable out of the trust account upon completion of the project.
(30) The lodgments in the real estate agent's trust account were monitored closely.
Sentence of trust account
(31) She transferred her assets into a trust account to protect them from creditors.
(32) The charity organization received a generous donation into their trust account.
(33) We decided to deposit a large sum of money into a trust account for safekeeping.
(34) The trust account can be used to fund medical expenses for a disabled individual.
(35) The trustee manages the funds in the trust account on behalf of the beneficiaries.
(36) The trust account is a valuable tool for wealth preservation and asset management.
(37) The trust account can be set up for charitable organizations to receive donations.
(38) The trustee managed the assets in the trust account on behalf of the beneficiaries.
(39) The trust account provided peace of mind for the account holder's financial future.
(40) The trust account ensures that the funds are used according to the grantor's wishes.
Trust Account meaningful sentence
(41) The trust account can be used to hold real estate properties for future generations.
(42) The funds were sequestered into a trust account until the legal dispute was resolved.
(43) The trustee maintained accurate records of all transactions within the trust account.
(44) The trust account allowed for seamless transfer of assets upon the grantor's passing.
(45) The trust account allows for the seamless transfer of assets upon the grantor's death.
(46) The trust account is governed by a legal agreement outlining the terms and conditions.
(47) The business partners agreed to deposit their investment capital into a trust account.
(48) The attorney explained the benefits of a trust account for minimizing tax liabilities.
(49) We set up a trust account to ensure our grandchildren's education expenses are covered.
(50) The trust account allows for the distribution of funds over a specified period of time.
Trust Account sentence examples
(51) The trust account is audited regularly to ensure compliance with financial regulations.
(52) The trust account allows for the seamless transfer of business ownership to successors.
(53) The trust account provides a level of privacy and confidentiality for the beneficiaries.
(54) The financial advisor recommended diversifying the investments within the trust account.
(55) The minimum balance for a trust account is determined by the terms of the trust agreement.
(56) The attorney advised his client to transfer the funds into a trust account for protection.
(57) The financial advisor recommended setting up a trust account for estate planning purposes.
(58) I deposited my inheritance into an interest-bearing trust account for wealth preservation.
(59) The trust account is subject to strict regulations to protect the beneficiaries' interests.
(60) The executor of the will distributed the funds from the trust account to the beneficiaries.
Sentence with trust account
(61) The bank required the account holder to provide identification to access the trust account.
(62) The business owner decided to hold funds in a trust account for future business acquisitions.
(63) The court ordered the funds to be held in a trust account until the legal dispute is resolved.
(64) The trust account can be established for the care and support of a pet after the owner's death.
(65) The real estate agent held the buyer's deposit in a trust account until the sale was finalized.
(66) The court ordered the funds to be held in a trust account until the legal dispute was resolved.
(67) The trustee disbursed the funds from the trust account according to the grantor's instructions.
(68) The trust account provides a mechanism for managing funds for minors or incapacitated individuals.
(69) The trust account ensures that the funds are used for the intended purpose and not misappropriated.
(70) The trust account provides peace of mind knowing that the assets are protected and managed professionally.
Trust Account meaning
Trust Account: Tips for Using the Phrase in a Sentence A trust account is a term commonly used in the legal and financial sectors. It refers to an account that holds funds or assets on behalf of a beneficiary, managed by a trustee. When using the phrase "trust account" in a sentence, it is important to ensure clarity and accuracy. Here are some tips on how to effectively incorporate this phrase into your writing:
1. Define the term: When introducing the phrase "trust account" in your sentence, it is helpful to provide a brief definition or explanation.
For example, "A trust account is a financial arrangement where funds are held by a trustee for the benefit of a beneficiary."
2. Contextualize the usage: To enhance understanding, it is essential to provide context for the trust account. Specify the purpose or nature of the trust account in your sentence. For instance, "The lawyer established a trust account to hold the settlement funds for the injured party."
3. Use appropriate verbs: When discussing trust accounts, it is crucial to select verbs that accurately describe the actions associated with them. Common verbs used in relation to trust accounts include "establish," "manage," "administer," "deposit," "withdraw," and "distribute." For example, "The financial advisor diligently managed the trust account, ensuring timely distributions to the beneficiaries."
4. Highlight the parties involved: To convey a clear message, identify the key individuals or entities associated with the trust account. This may include the trustee, beneficiary, and any other relevant parties. For instance, "The trustee diligently fulfilled their fiduciary duty by safeguarding the assets in the trust account for the benefit of the minor beneficiary."
5. Emphasize legal obligations: Trust accounts often come with legal obligations and responsibilities. When using the phrase in a sentence, it can be helpful to highlight these obligations.
For example, "The attorney meticulously maintained accurate records of all transactions within the trust account, adhering to the legal requirements."
6. Showcase the purpose: Trust accounts serve various purposes, such as estate planning, charitable giving, or managing funds for minors. When incorporating the phrase into a sentence, it is beneficial to mention the specific purpose of the trust account. For instance, "The philanthropist established a trust account to ensure the long-term sustainability of their charitable foundation."
7. Consider the audience: Depending on your audience, it may be necessary to provide additional explanations or simplify the language used when discussing trust accounts. Ensure that your sentence is tailored to the comprehension level of your readers.
8. Proofread for accuracy: Before finalizing your sentence, double-check that the usage of the phrase "trust account" is accurate and appropriate within the given context. Verify that the sentence conveys the intended meaning and aligns with the overall message of your writing. By following these tips, you can effectively incorporate the phrase "trust account" into your sentences, ensuring clarity and precision in your communication.
The word usage examples above have been gathered from various sources to reflect current and historical usage of the word Trust Account. They do not represent the opinions of TranslateEN.com.