How is FDIC insurance calculated for my family living trust?
Accounts in the name of a living trust set up by a lawyer, also referred to as totten, testamentary, or revocable trusts, are insured separately from any individual or jointly-owned funds of the owner(s). For the purposes of FDIC insurance coverage, a beneficiary is defined as a natural person, a charitable organization, or a non-profit entity properly organized under IRS code. Each owner is insured to $250,000 for each entitled beneficiary.
