Are My Trust’s Bank Accounts Fully Insured? Part 2

Recently we have been receiving questions from our clients about the amount of Federal Deposit Insurance Corporation (FDIC) insurance coverage their revocable trusts have on their bank accounts. This article is the second article in a series of blog posts written to explain the current FDIC deposit insurance rules, and in particular how they apply to trusts. You can find the first article here: Are My Trust’s Bank Accounts Fully Insured? Deposit Insurance Coverage for Revocable Trusts When a revocable trust owner names five or fewer beneficiaries, the owner's trust deposits are insured up to $250,000 for each unique eligible beneficiary. The...