Have you established a Revocable Trust? Bring your Certificate of Trust into one of our locations to allow a member service representative to review and open your Trust account. Fund your Trust account with a minimum savings of $5.00. Revocable trust accounts will receive interest in the same manner as savings accounts held by members.
SUMMARY OF REQUIREMENTS
- Revocable trust agreements must be drawn up by a licensed attorney.
- The member must be both the settlor/trustor/donor/guarantor and the trustee (settlor trustee). This means that the member has created the trust and has the authority to manage it during his/her lifetime.
- The Certificate of Trust must clearly identify the successor-trustees, and how the trust is to be acted upon should the Settlor Trustee(s) be declared incompetent or deceased.