REVOCABLE TRUST ACCOUNTSA Revocable Trust Account is an account owned by one or more people that identifies one or more beneficiaries who will receive the deposits upon the death of the owner(s). The owner(s) control the deposits and other assets in the trust during his/her lifetime. A revocable trust can be revoked, terminated or changed at any time at the discretion of the owner(s).
The credit union provides revocable trust accounts for qualified members possessing established trust papers.
Contact an attorney for more details on revocable trusts.