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Can I reopen a trust account after it has been closed? | NC

Pierce Law Group

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Q: Can I reopen a trust account after it has already been closed? A: Usually, no — you do not have a simple legal right to make a bank reopen a closed trust account. The real question is whether the trustee still has authority under the trust, and whether the trust still needs to receive, hold, or distribute funds. Even if the trustee still has authority, many banks will not reactivate the old…

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