Legal Question in Wills and Trusts in Massachusetts
Can a trust be a beneficiary on a bank account, money market investment account and life insurance policy?
Asked on 2/16/10, 11:54 am
1 Answer from Attorneys
It is usual for the Account to be named on an account as Jane Doe, as Trustee for the Jane Doe trust. But as long as the Trust exists the answer to your question is yes.
Answered on 2/21/10, 1:15 pm