Account In Trust

In account we trust. An account in trust is an account held for someone else (usually because that someone else is a minor). The idea is that the adult manages the account, because the person named on the account can't manage it themselves. Example: When Uncle Joe manages the account for little Sally, Sally trusts Joe. She's a minor and knows that Joe will manage the account for her with all due good intent until she turns 18—and can then go shopping for Beemers. UTMA is an example of an "Account in Trust."