Trust Accounts

secure their tomorrow with your assets today.

Secure your legacy and gain control over wealth distribution with a trust. Grow and protect your funds using our high-yield savings, CDs, or checking accounts.

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Fully Insured Deposits

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Put Your Trust in BankProv

We provide a variety of trust solutions tailored to assist with your inheritance and estate-planning needs. To start the trust account opening process, you’ll need to have your trust agreement ready. If you haven’t created one yet, we recommend consulting an estate planning attorney. Rest assured, we’re committed to making the trust account opening process simple and seamless, and we’re here to assist you at every stage.

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100% Fully Insured Deposits

Relax with confidence knowing your deposits are fully protected with FDIC and DIF Insurance. As a member of both the FDIC and DIF, BankProv guarantees your peace of mind. FDIC insures each depositor up to $250,000, with DIF covering the remainder, ensuring full deposit insurance across all your accounts. Trusts with more than five beneficiaries covered above the updated FDIC trust deposit insurance limits by DIF.

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Trust Account Questions

Revocable and irrevocable trusts are two distinct types of legal arrangements for managing assets and property, each with its own characteristics and purposes. The primary difference between revocable and irrevocable trusts lies in the level of control and flexibility the grantor maintains over the trust and its assets during their lifetime, as well as the specific purposes for which each type of trust is typically used.

A trust account is a legal arrangement in which the grantor allows a third party, the trustee, to manage assets on behalf of the beneficiaries of the trust.

Converting an existing account to a trust account is easy. Transform your current account into a trust account by bringing in your trust agreement to the Bank. No need to open a new account – simply update your existing one to enjoy the benefits of a trust.