What is the insurance coverage on a trust account held under the provisions of an irrevocable express trust?

The interest of a beneficiary in a valid irrevocable trust, is insured up to $125,000 separately from the individual accounts of the settlor, the trustee or other beneficiaries. However, all trust interests created by the same settlor (grantor) in the same institution for the same beneficiary will be added together and insured in the aggregate up to a maximum of $125,000.

Comments are closed