Background: A Trust would like to use a non-interest paying bank account to receive tax deferred income to distribute to beneficiaries. This bank account will be for the exclusive use by the Trust.
To facilitate this can a "personal" current account be:
1) Opened by the Trustee, whereby the Trustee passes a resolution to give ownership of the account to the said Trust.
Or
2) Opened by the Trustee, whereby the Trustee writes a bare trust to give ownership of the account to the said Trust.
Or
3) Should the Settlor open the current account and write it into the Trust.
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