High Interest account for Estate funds | General comparisons | Discussion forum

Please consider registering
guest

sp_LogInOut Log In sp_Registration Register

Register | Lost password?
Advanced Search

— Forum Scope —




— Match —





— Forum Options —





Minimum search word length is 3 characters - maximum search word length is 84 characters

sp_Feed Topic RSS sp_TopicIcon
High Interest account for Estate funds
September 19, 2018
1:00 pm
frugal lady
Member
Members
Forum Posts: 75
Member Since:
February 20, 2013
sp_UserOfflineSmall Offline

Has anyone opened a high interest savings account in their name "in Trust for the Estate of " "?

September 19, 2018
1:37 pm
Top It Up
Member
Members (temp break)
Forum Posts: 1363
Member Since:
December 17, 2016
sp_UserOfflineSmall Offline

Steinbach Credit Union - I set up and administer a Testamentary Trust at this CU.

https://www.scu.mb.ca/rates/savings-rates

https://www.scu.mb.ca/personal-accounts/savings-accounts

September 19, 2018
5:07 pm
mechone
Member
Members
Forum Posts: 44
Member Since:
January 28, 2015
sp_UserOfflineSmall Offline

Can You? I don't think you can. The estate account for my Dad pays no interest.
Final income tax has been paid. All interest stops on death gic's accounts etc.
I guess you could open an account with all heirs listed as owners and split the T5

September 19, 2018
5:43 pm
Top It Up
Member
Members (temp break)
Forum Posts: 1363
Member Since:
December 17, 2016
sp_UserOfflineSmall Offline

This is an interesting topic that the OP has tabled. For some backgrounder -

Living / family trusts

https://ca.rbcwealthmanagement.com/documents/682561/682577/Living%2BFamily+Trusts.pdf/715d7227-c1b8-48e5-948d-9e1b8a9f2b57

Please write your comments in the forum.