FDIC Federal Register Citations

From: jan meisels allen

Sent: Saturday, November 01, 2008 3:45 PM

To: Comments

Subject: Revocable Trust Accounts

I am writing in support of the proposed changes in the interim rules regarding

revocable trusts. I am most supportive of eliminating the concept of qualifying

beneficiaries. The inclusion of other family members, specifically nieces and

nephews is very important. When my sibling died and I updated our trust agreement so

that her share of my estate was to go to her children, I had no idea, nor did the

banks that have some of my assets inform me that nieces and nephews were not covered

beneficiaries. Only when the recent bank crisis occurred, and upon further

investigation did I find that the existing rule prohibited nieces and nephews from

being covered under the FDIC rules.

I am also supportive of the proposed interim rule regarding $500,000 as the proper

threshold for determining coverage for revocable trust account owners.

I truly hope and encourage that at the time of finalizing the rule pertaining to

revocable trusts that the you determine to permanently eliminate the concept of

qualifying beneficiaries and include the $500,000 threshold for determining

coverage.

Thank you for your consideration to my comments.

(Mrs.) Jan Meisels Allen

Agoura Hills, CA 91301