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Can funds held in a trust be deposited back into a personal bank account?
Can funds held in a trust be deposited back into a personal bank account?
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Written by UTGL Support
Updated over a week ago

Yes, trusts permit a reasonable percentage of the total value to be distributed monthly to the trustee/beneficiary for maintenance and care obligations.

However, a full lump-sum transfer of all trust assets back to a personal account would not be advisable. Such a move could raise questions about whether the trust was actually established for legitimate purposes or was simply used to mask the original ownership of the funds (i.e. a "sham trust").

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