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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 

Thank you for your consideration to my comments.

(Mrs.) Jan Meisels Allen
Agoura  Hills, CA 91301

Last Updated 11/03/2008

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