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Is a bank a trustee?

A bank can act as the Trustee of Californias Trust and charge a fee for its corporate trustee services. When the grantor selects who will serve as Trustee of the Trust, they usually consider what fees may be involved and attempt to minimize them to the extent possible.

Is Wells Fargo a trustee?

Expand. To make sure your trust reflects your values and lessens the burden on your loved ones, Wells Fargo Bank can serve as the corporate trustee of your personal trust.

What is a trust account?

A trust account is a legal arrangement through which funds or assets are held by a third party (the trustee) for the benefit of another party (the beneficiary). The beneficiary may be an individual or a group. The creator of the trust is known as a grantor or settlor.

How do I get a bank verification letter from Wells Fargo?

How to download a bank verification letter Navigate to the Accounts tab. Select the checking account for which you want a bank verification letter. Select the Three Vertical Dots beside the Add Money button. Select Request Bank Verification Letter from the dropdown menu.

Can I put a beneficiary on my Wells Fargo bank account?

Filling out the Wells Fargo Beneficiary Form is an easy way to make sure your loved ones are taken care of in case of an emergency. Before you decide to fill out the form, you should find out more concerning the type of form you will use.

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