I agree that the best / cleanest way to handle this would have nothing but the Life Insurance Benefit money in the Trust account but that was not really possible or offered by the bank when opening the account. Effectively, the Life Insurance company required verification of a valid "trust bank account" before they would even begin processing the claim. The bank required a minimum of $600 or more to open the account and to open the account, they too had to review the trust documentation as well as the newly created EIN. Rather than try to convince a bank to open an account with no money, I just pulled $1000 of my own money out in cash to open it with cash (I have receipts for both transactions). Hopefully that $1000 account opening money will not be a huge issue.
