Leave a Legacy, Not a Headache.
Planning for the future is a great way to look out for your family. At PrimeTrust, we provide a secure home for your trust accounts. While you keep full control over how your money is handled, we provide the space and hosting needed to keep everything official.
What is a Trust Account?
A trust is an essential estate-planning tool used to manage your assets during your lifetime and distribute them after your passing. By placing your assets into a trust, you can avoid the delays, high costs, and public nature of court-supervised probate proceedings.
Why Choose a Trust Account?
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Avoid Probate: Keep your estate matters private and bypass lengthy court delays.
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Asset Protection: Ensure your wealth is preserved for your beneficiaries.
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Customized Distribution: You decide exactly how, when, and to whom your funds are distributed.
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Privacy: Unlike a will, which becomes public record, trust documents remain private.
How PrimeTrust Supports You
While we recommend working with a professional attorney or estate planner to draft your trust agreement, PrimeTrust is here to handle the financial side of your legacy. Once your trust is established, we make it easy to open new accounts and establish certificates, money market, savings, or checking accounts specifically for your trust.
Two Simple Steps to Get Started
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Consult a Professional: Work with an attorney to create your formal trust agreement or "Certification of Trust."
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Visit PrimeTrust: Bring your official trust certification to any branch or schedule a virtual appointment. We will help you open a new trust membership to ensure your assets are protected.
*Please note that upon receipt of your trust certification documentation it will take up to three business days for our to review before account can be opened.
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Download Trust Documentation Checklist
Protecting Your Peace of Mind
Just like individual accounts, Trust Accounts at PrimeTrust are federally insured by the NCUA. In many cases, having multiple beneficiaries can even increase your total insurance coverage.
What is a trust account?
It is a legal arrangement where assets are held for a beneficiary. A Trustee manages the funds according to your specific instructions.
how does a trust differ from a will?
A Will takes effect only after death and usually goes through probate court. A Trust can manage assets while you are alive and avoids the public probate process.
do i lose access / control of my money?
If you name yourself as Trustee, you retain control over your assets. If you appoint someone else as Trustee, that individual becomes the sole party authorized to manage the assets. PrimeTrust’s role is simply to host the account for whomever you legally designate.
is my trust account insured?
Just like individual accounts, Trust Accounts at PrimeTrust are federally insured by the NCUA. In many cases, having multiple beneficiaries can even increase your total insurance coverage.
does primetrust charge to open a trust account?
We do not charge a fee to establish a Trust membership. However, you are responsible for any fees charged by your attorney to draft the legal documents.