Trust Accounts
An NWFCU Trust Account can help you achieve your goals for your estate and assure your personal wishes are carried out correctly.
Benefits & Highlights
- Your attorney should prepare the necessary documentation to establish a trust. Once established, the trust becomes the legal owner of any assets transferred into the trust
- Can be used to split income among family members, reduce probate and estate costs, and protect assets from creditors
Trust Account Options
- Revocable Living Trust
- Irrevocable Trust
- Testamentary Trust
Documentation Required to Open a Trust
To open your Trust Account, stop by a branch or mail your Trust Application with the following documentation:
- Completed Trust Application including signatures of all trustees
- All documentation as provided by your attorney including:
- Copy of the trust pages
- Title page which will have the name of the trust
- Pages with names of trustees, names of the beneficiaries, and the notarized signature page.
- We will also accept a Certification of Trust document in lieu of the above mentioned pages
- Copy of identification for all trustees (driver’s license, passport, or other form of government I.D.)
Note: IRA’s, credit cards or any type of loans, cannot be placed in a Trust Account.
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