Estate planning at Mountain America

You can, at a branch, but two rules bite. The bylaws allow shares to be issued in a revocable or irrevocable trust and require membership to sit behind the trust: for a revocable trust the settlor must be a member of the credit union in his or her own right, for an irrevocable trust either the settlor or the beneficiary must be, and the beneficiary must be named in either case. Then the product rule: the Truth in Savings disclosure states that trust accounts with an EIN — along with business, custodial, conservatorship, and guardianship accounts — are NOT eligible for MyStyle Checking. So retitling a MyStyle account into a trust that has its own EIN forces a move to MyFree Checking or MyExpress. A revocable living trust that reports under the grantor's Social Security number rather than a separate EIN is not affected. IRAs and the IRA money market cannot be retitled at all; name the trust as beneficiary on the IRA beneficiary form instead. Investment accounts through Mountain America Investment Services are custodied at LPL Financial and are retitled through the wealth advisor, not at the branch.