Trust Account
A bank or investment account owned by a trust rather than an individual.
What Trust Account means in an estate
A trust account is held in the name of the trust and managed by the trustee for the beneficiaries. Assets in a properly funded trust account pass under the trust's terms without probate. It is distinct from an estate account, which an executor uses to settle a deceased person's probate estate.
How this works in your state
The concept is national, but the forms, procedure names, thresholds, and filing practice vary by state. Open your state glossary and guides to see how trust account is handled where the estate is being settled.
Related terms
Full probate glossary
Browse every probate and estate settlement term.
Probate assessment
Not sure what applies to your situation? Answer a few questions to find your path.
Information current as of April 4, 2026
Settled Estate is not a law firm, and this content is for informational purposes only and does not constitute legal advice. Probate laws and procedures in your state can change. Consult with a qualified attorney for advice specific to your situation. Full disclaimer.