Bankowość · 21/01/2004

FDIC Amends Deposit Insurance Regulations for Living Trust Accounts

The FDIC is updating its rules to clarify and simplify coverage for living trust accounts, providing up to $100,000 per beneficiary in the event of a bank failure, with coverage kicking in after the account owner's passing.

Source: Federal Register — Federal Deposit Insurance CorporationOpen original release →

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