Because of accounting requirements and restrictions on fees, banks and trust companies are reluctant to take on 867 trusts below a certain size.  The minimum size varies from bank to bank and somewhat depends on the nature of the assets in the trust.  In some cases, banks and trust companies have declined to accept trusts with assets of less than $400,000.  Other banks and trust companies will accept certain trusts under $100,000.  It may be necessary to shop around to learn which banks and trust companies -- if any -- are interested.

Last updated on January 6, 2011 by Glenn Karisch