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Trust accounts designed for life's important transitions.
Manage assets according to your wishes, support beneficiaries, and simplify estate planning with a trust account backed by local guidance and personalized support.
Guidance through every step of the process.
Trust accounts often involve important financial and family decisions. Our team provides personalized guidance, clear communication, and hands-on support throughout the account opening process.
Our team understands trust account requirements and helps ensure your account is structured correctly.
Work directly with a banker who can answer questions and guide you through the account opening process.
We help explain documentation requirements and next steps so there are no surprises along the way.
Receive the personal service of a community bank backed by the security and convenience you expect.
Everything you'll need to get started.
Opening a trust account requires documentation that helps verify the trust, identify trustees, and ensure the account is established according to the trust agreement.
More control over what matters most.
Trust accounts provide structure, flexibility, and guidance for managing assets according to your wishes—today and for future generations.
Maintain control over how assets are managed and distributed according to your wishes.
Help simplify the transfer of assets and avoid unnecessary probate complications.
Provide structure and guidance for managing assets on behalf of beneficiaries.
Support long-term financial goals and distribution plans through a formal trust arrangement.
Establish clear instructions for how funds should be managed and distributed.
Work with bankers who can help navigate the account setup process.
Products that support your financial plan.
Keep your savings working while maintaining easy access to funds.
Preserve assets and earn competitive rates with deposit options designed for longer-term goals.
Connect with an advisor for investment and wealth management guidance beyond traditional deposit accounts.
Know more. Decide better.
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Frequently Asked Questions
You might find what you’re looking for right here.
A trust account is a financial account where a trustee manages money or other assets on behalf of one or more beneficiaries, following the instructions outlined in a legal agreement. These accounts are often used for estate planning, managing assets for minors, charitable giving, or helping ensure assets are distributed according to a person's wishes.
A trust account can be opened by an authorized trustee after a legal trust has been established. Trustees may be individuals, family members, professionals, or organizations responsible for managing the trust's assets on behalf of its beneficiaries.
You'll typically need a trust agreement or certification of trust, valid identification for all trustees, and the trust's tax identification number. Additional documentation may be required depending on the trust structure.
Yes. Trust accounts can be paired with eligible deposit products that earn interest, depending on the account type selected.
Yes. Many trusts allow co-trustees. However, trustee authority and account access must align with the terms of the trust agreement and bank requirements.
A trust account provides ongoing management and detailed instructions for how assets are handled and distributed. A payable-on-death (POD) account simply transfers funds directly to a named beneficiary upon the account owner's death.
No. You do not need an attorney to open a trust account at IncredibleBank. However, we recommend consulting an attorney when creating, modifying, or interpreting a trust to ensure it aligns with your financial and estate planning goals.