One other point of caution has come up recently for people who inherit money through trusts.
Of course, the portion that remains undistributed in trust is supposed to be held for the future use by beneficiaries, especially after the main trustee’s own death.
Trusts are often set up as grantor trusts for simplification of filing taxes with the IRS. But often in practice trustees have the ability to move money around at will, which can get them into trouble. Some banks allow a limited number of moves a month (typically six).
It would seem logical that there could be a problem if the trustee runs a business predicated on asking for money from patrons (rather than having them pay for things – that is, normal subscriptions in the case of Internet channels). This might even extend to running fundraisers for non-profits from one’s own social media account, which Facebook often prods users to do. It might be necessary to set up a blind trust first.
Because there have been a few cases where Internet personalities have suddenly had bank accounts closed, we wonder if this could be a factor – beyond just SJW activism against “conservatives”.