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High Interest account for Estate funds
September 19, 2018
1:00 pm
frugal lady
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Has anyone opened a high interest savings account in their name "in Trust for the Estate of " "?

September 19, 2018
1:37 pm
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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
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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
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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

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