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DIRECTORS Geoffrey Paganoni B Com CPA Michael McGrathB Bus CPAMark DouglasB Bus CPAMatthew Moonen B Com CPATRUST ACCOUNT AUTHORITYBen PaganoniB Com CPAI ___ of ___ hereby authorise Francis A Jones

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What is trust account authority?

Trust account authority refers to the legal permission granted to a person or entity to manage and oversee funds held in a trust account, ensuring that the funds are handled in accordance with established regulations and fiduciary responsibilities.

Who is required to file trust account authority?

Entities and professionals who manage funds in a trust account, such as lawyers, real estate agents, and financial advisors, are generally required to file trust account authority.

How to fill out trust account authority?

Trust account authority is usually filled out by providing necessary details such as the name of the trust account holder, the type of trust account, the purpose of the trust, and any associated identification or licensing numbers as required by the governing body.

What is the purpose of trust account authority?

The purpose of trust account authority is to establish legal oversight and compliance concerning the management of client or third-party funds held in trust, ensuring transparency and protection of such funds.

What information must be reported on trust account authority?

Information that must be reported includes the account holder's name, contact information, type of trust account, details of the funds held, and any relevant regulatory or compliance information.

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