# Need advice on a trust account

**URL:** <https://boards.straightdope.com/t/need-advice-on-a-trust-account/756352>\
**Category:** In My Humble Opinion\
**Created:** [June 3, 2016, 1:09am UTC](https://boards.straightdope.com/t/need-advice-on-a-trust-account/756352 "2016-06-03T01:09:27Z")\
**Posts on this page:** 3\
**Page:** 1

<div class="post-metadata">

**Author:** ![HoneyBadgerDC](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/honeybadgerdc/32/1033_2.png) [@HoneyBadgerDC](https://boards.straightdope.com/u/HoneyBadgerDC)\
**Post date:** [June 3, 2016, 1:09am UTC](https://boards.straightdope.com/t/need-advice-on-a-trust-account/756352/1 "2016-06-03T01:09:27Z")

</div>

I am on a foundation for a non profit. We have a current bank ballance of about 150,000 that grows maybe at 10,000 per year average. We are saving for a building and it may take another 10 or more years to have enough money. Because banks will not enforce a 2 or 3 party signature for withdrawal policy we are thinking of moving the money into some kind of trust account. I have no idea what type of trust account I need to be looking at. Any suggestions? I would like something that needed to be notarized.

---

<div class="post-metadata">

**Author:** ![engineer\_comp\_geek](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/engineer_comp_geek/32/504_2.png) [@engineer\_comp\_geek](https://boards.straightdope.com/u/engineer_comp_geek)\
**Post date:** [June 3, 2016, 1:30am UTC](https://boards.straightdope.com/t/need-advice-on-a-trust-account/756352/2 "2016-06-03T01:30:54Z")

</div>

**Moderator Action**

Since this is asking for advice (and might involve legal issues as well) let’s move this to IMHO.

Moving thread from General Questions to In My Humble Opinion.

---

<div class="post-metadata">

**Author:** ![Omar\_Little](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/omar_little/32/269_2.png) [@Omar\_Little](https://boards.straightdope.com/u/Omar_Little)\
**Post date:** [June 3, 2016, 12:52pm UTC](https://boards.straightdope.com/t/need-advice-on-a-trust-account/756352/3 "2016-06-03T12:52:30Z")

</div>

Go to a bank with a trust department and discuss such arrangements with them.