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Federal Deposit
Insurance Corporation

Each depositor insured to at least $250,000 per insured bank

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FDIC Federal Register Citations

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Carolyn Marple
Sent: Wednesday, August 20, 2003 3:31 PM
To: Comments
Subject: FDIC insurance for Living Trusts

We would like very much to see the insurance coverage for "living trust accounts" changed to alternative one.  $100,000.00 is simply not enough coverage for these accounts.  I have had to move many accounts to other banks because of this.  I have, also ,  called the attorneys that wrote the trusts to see if they had a problem with the customer putting additional money in the same bank and using the payable-on-death account titling.  That has worked many times, but we always call the attorney first. 

The living trusts are very popular and this change is badly needed.      

Carolyn Marple
Bank of Commerce
Chanute, Ks.

Last Updated 08/20/2003

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