A Personal Savings Account must first be opened as a joint or individual Account. After the Account is opened, the primary (first named) Account owner may then follow the steps below to re-title the Account as a Revocable Living Trust Account. Conditions apply
- Log in to your Account and click on ‘My Profile’ tab and choose the ‘Living Trust Re-titling’ option.
- You will be required to answer eligibility questions about the type of trust and the rights of the settlor/grantors (creators) and Trustees of the Revocable Living Trust.
- If the primary Account owner meets and electronically accepts all Account re-titling terms and conditions, the title of the Account may be changed to the name of your Revocable Living Trust.
- We encourage you to consult with your financial or legal advisors before re-titling an Account to a revocable living trust Account.
If a Personal Savings Account was opened as an individual (not joint) Account, and two owners or two trustees are desired for the re-titled Account, or if the primary Account owner named for the Account during Account opening is not a settlor/grantor (creator) of the trust, or if the Trust does not use the Social Security Number of the primary Account owner, you may be able to open a new Account that meets our Account re-titling requirements, transfer funds from the previous Account to the new Account, close the previous Account and re-title the new Account to the name of the Revocable Living Trust (subject to conditions).