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Take a closer look at Trusts.
A way to have the last word when it matters most.
Why it's worth it
Trust types: A quick comparison
Open an account in the name of a Trust
Convert your existing savings, checking or CD into an account for a Trust.
It's a deposit account that can be opened by a Trustee for the benefit of someone else (beneficiary). These accounts:
- Protect assets during and after the Grantor's life
- Must have a specific purpose, a designated beneficiary and specific duties for the Trustee as designated by the Grantor
- Require a written Trust (with a Social Security or Tax ID number), which must be set up outside of Ally, and typically requires the services of an attorney