Is this a trust a account at the bank or is it a regular bank account in the name of small time skates? usually for things like this they say to make the checks payable to “family of joe doe” or something rather than to a business. and the bank gets the money directly in the name of the trust and withdrawals are guaranteed to go directly to the family. what type of account is it that the paypal link is going to? is it a small time skates account or a trust account? thanks.
The PayPal account does indeed go to a trust… Mike’s wife is the only person that the money can go to. Though Kerry set up the account, he is only able to release the money to her. We’ll validate that every penny donated goes directly to her, in whatever way we can to prove authenticity while still maintaining her privacy.
December 7th, 2007 at 8:55 pm
Is this a trust a account at the bank or is it a regular bank account in the name of small time skates? usually for things like this they say to make the checks payable to “family of joe doe” or something rather than to a business. and the bank gets the money directly in the name of the trust and withdrawals are guaranteed to go directly to the family. what type of account is it that the paypal link is going to? is it a small time skates account or a trust account? thanks.
December 7th, 2007 at 9:00 pm
The PayPal account does indeed go to a trust… Mike’s wife is the only person that the money can go to. Though Kerry set up the account, he is only able to release the money to her. We’ll validate that every penny donated goes directly to her, in whatever way we can to prove authenticity while still maintaining her privacy.