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Trust Bank Account?

Posted by Jill Evans on September 26, 2001 at 6:54 AM

I was wondering if you could give me some advice as to the easiest and least expensive way to set up a bank account for a land trust I want to establish for a property. I want to pay rehab bills, etc. from the account. Me expectation (fear) is that the bank will want to establish a high-fee "trust account" which I want to avoid. Also, is a federal tax ID number (other than SS#) needed to set up such an account?


Thanks


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