Tag Archives: mix

THE TRUTH ABOUT COMMINGLE+

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Commingle: to mix the money of two or more independent financial units frequently illegally

If you are the trustee of an irrevocable living trust and not a beneficiary or a foundation leader with a budget then you are commingling funds if you use trust or foundation expenditures for personal expenses. Personal and organizational finances should be independent financial units and if money flows between the two then you are illegally commingling funds.

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