A Trust Account is an estate-planning tool primarily used to avoid the delays, costs and publicity of the probate process. Any Altura deposit account can be held in trust, except an Individual Retirement Account (IRA).
Following are the types of trusts Altura Credit Union can assist with:
- Revocable Trust – The Trustor may change or revoke the trust, in whole or in part at any time. The Trustor must be a member of Altura Credit Union.
- Irrevocable Trust – The Trustor relinquishes ownership of the trust to the Trustee(s). Either all of the Trustors or all of the beneficiaries of the trust must be members of Altura Credit Union.
For assistance with opening a Trust Account, please contact Altura Credit Union at 1-888-883-7228 or visit your local Altura branch.
A one-time membership fee applies for non-members.