Designed for third parties or trustees who need to hold assets on behalf of a beneficiary or beneficiaries. A trust is established to transfer, control and distribute assets and income to another, without going through probate.
Benefits:
- Minimum Balance: $5
- Possible Tax Benefits: Reduce estate and gift taxes
- Account is easily accessible for trustees
This account can be opened as:
- Free Checking
- Share Savings
- Grand Advantage Club (Free Checking)
- Presidents' Club (Free Checking)
See Rates