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  • #129425
    #129430
  • If a living trust has multiple owners, coverage would be up to $100,000 per qualifying beneficiary for each owner, provided the beneficiary would be entitled to receive the trust assets when the last owner dies.

    For example:
    A husband and wife are co-owners of a living trust. The trust states that upon the death of one spouse the assets will pass to the surviving spouse, and upon the death of the last owner the assets will pass to their three children equally. This trust's deposit account would be insured up to $600,000. Since each owner names three qualifying beneficiaries, the owners (husband and wife) will be insured up to $300,000 each.

  • http://www.fdic.gov/deposit/deposits/insured/ownership4.html#revocable

     

    I guess this is just one of many reasons why one should get a living trust.

     

    [img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

    —– Sour grapes for everyone!

#129534
#129261
#129503
#129436
#129281
#129456
#129523
#129450
#129554
#129472
#129569
#129296
#129465
Viewing 15 posts - 31 through 45 (of 56 total)
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