A trust can own an account that contains a “doing business as” name. Under the Illinois Trusts and Trustees Act, a trustee is permitted to continue and manage a business. See 760 ILCS 5/4.23. In this situation, the trust would be a sole proprietorship doing business under an assumed name, so the Illinois Assumed Name Act requires it to register the “doing business as” name with the local county clerk’s office. See 805 ILCS 405/1.

One possible way to title the account is John Doe Trust, by Jane Doe as Trustee, DBA John Doe Restaurant.