FDIC

The Wills, Trusts & Estates Prof Blog references an article explaining how revocable trust accounts have more protection under the new FDIC rules. However, the protection is capped at $250,000 per beneficiary and expires in 2010, returning to the previous $100,000 level.

In these days of bank failures, understanding the basics of the FDIC rules is worth your time so that you can advise your clients accordingly.

Categorized in Practice Tips and tagged as beneficiary, FDIC, revocable trusts

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