Final answer:
The purpose of a trust account is to separate client's funds from personal funds. It is an estate planning tool that allows for the transfer of assets to heirs outside of probate court.
Step-by-step explanation:
The purpose of a trust account is to separate client's funds from personal funds. A trust is an estate planning tool that allows individuals to transfer their assets to their heirs outside of probate court. Upon death, an executor and trustee(s) work together to execute the transfer of assets according to the terms set forth by the deceased. Trust accounts provide a secure and private way to ensure that the client's funds are properly managed and distributed.