Common use of Accounts for Living Trusts Clause in Contracts

Accounts for Living Trusts. An account for a Living Trust is an account held by one or more trustees for the benefit of one or more beneficiaries pursuant to a revocable trust agreement. Upon request of the Credit Union, the trustee(s) will supply to the Credit Union a copy of the trust agreement evidencing trustee’s authority. Trustee warrants that a valid Living Trust has been created, is currently in existence, and that trustor and beneficiary are members of the Credit Union. The Credit Union is under no obligation to act as a trustee or to inquire as to the powers or duties of the trustee(s). Xxxxxxx agrees to notify the Credit Union in writing if a change of trustee occurs. The Credit Union may withhold payment of funds to any party until proper evidence of authority is provided. Funds may be released to any one trustee acting alone or with a co- trustee. The Credit Union may rely upon the directions of any one trustee until a written notice of revocation of the living trust form is received. The trustee(s) agree to indemnify and hold the Credit Union harmless of any claim, damage or loss arising as a result of unauthorized acts of any trustee or former trustee unless a successor trustee notifies the Credit Union in writing prior to any unauthorized act. This Agreement shall be binding on the trust, successor trustee(s) and beneficiaries.

Accounts for Living Trusts. An account for of a Living Trust living trust is an individual account held by one or more trustees of a trust for the benefit of one or more beneficiaries pursuant to a revocable trust agreement. Upon request of the Credit Union, the trustee(s) will supply to trustees shall sign an Account Card and provide any other evidence of the trustee’s authority the Credit Union a copy of the trust agreement evidencing trustee’s authorityrequires. Trustee The Trustee(s) warrants that a valid Living Trust living trust has been created, is currently in existenceexisting, and that trustor the trustor(s), trustee(s) and primary beneficiary are members of eligible for membership in the Credit Union. The Credit Union does not act as a trustee and is under no obligation to act as a trustee or to inquire as to the powers or duties of the trustee(s). Xxxxxxx The trustee(s) agrees to notify the Credit Union in writing if a change of trustee occurs. The Credit Union may withhold payment of funds to any party until proper evidence of authority is provided. Funds may be released to any one trustee acting alone or with a co- trustee. The Credit Union provided and may rely upon the directions of any one trustee until a written notice of revocation of the living trust or an Account Change form is received. Funds may be released to any one trustee acting alone or with a co- trustee. The trustee(s) agree agrees to indemnify and hold the Credit Union harmless of any liability, claim, damage or loss arising as a result of unauthorized acts of any trustee or former trustee unless a successor or acts of any trustee notifies upon which the Credit Union in writing relies prior to any unauthorized actnotice of revocation of the trust. This Agreement shall be binding on the trust, any trustee, successor trustee(s) trustee and beneficiaries.

Accounts for Living Trusts. An account for a Living Trust is an account held by one or more trustees for the benefit of one or more beneficiaries pursuant to a revocable trust agreement. Upon request of the Credit Union, the trustee(s) will supply to the Credit Union a copy of the trust agreement evidencing trustee’s authority. Trustee warrants that a valid Living Trust has been created, is currently in existence, and that trustor and beneficiary are members of the Credit Union. The Credit Union is under no obligation to act as a trustee or to inquire as to the powers or duties of the trustee(s). Xxxxxxx Trustee agrees to notify the Credit Union in writing if a change of trustee occurs. The Credit Union may withhold payment of funds to any party until proper evidence of authority is provided. Funds may be released to any one trustee acting alone or with a co- trustee. The Credit Union may rely upon the directions of any one trustee until a written notice of revocation of the living trust form is received. The trustee(s) agree to indemnify and hold the Credit Union harmless of any claim, damage or loss arising as a result of unauthorized acts of any trustee or former trustee unless a successor trustee notifies the Credit Union in writing prior to any unauthorized act. This Agreement shall be binding on the trust, successor trustee(s) and beneficiaries.

Accounts for Living Trusts. An account for of a Living Trust living trust is an individual account held by one or more trustees of a trust for the benefit of one or more beneficiaries pursuant to a revocable trust agreement. Upon request of the Credit Union, the trustee(s) will supply to shall sign a Living Trust Membership Card and a Trust Certification and provide any other evidence of the trustee’s authority the Credit Union a copy of the trust agreement evidencing trustee’s authorityrequires. Trustee Trustee(s) warrants that a valid Living Trust living trust has been created, is currently in existenceexists, and that trustor and beneficiary the trustee(s) is/are members of eligible for membership in the Credit Union. The Credit Union does not act as a trustee and is under no obligation to act as a trustee or to inquire as to the powers or duties of the trustee(s). Xxxxxxx Trustee(s) agrees to notify the Credit Union in writing if a change of trustee occurs. The Credit Union may withhold payment of funds to any party until proper evidence of authority is provided. Funds may be released to any one trustee acting alone or with a co- trustee. The Credit Union may rely upon the directions of any one trustee until a written notice of revocation of the living trust form or an updated Living Trust Membership Card is received. Funds may be released to any one trustee acting alone or with a co-trustee. The trustee(s) agree agrees to indemnify and hold the Credit Union harmless of any liability, claim, damage damage, or loss arising as a result of unauthorized acts of any trustee or former trustee unless a successor or acts of any trustee notifies upon which the Credit Union in writing relies prior to any unauthorized actnotice of revocation of the trust. This Agreement shall be binding on the trust, any trustee, successor trustee(s) trustee, and beneficiaries.

Accounts for Living Trusts. An account for a Living Trust living trust is an account held by one or more trustees for the benefit of one or more beneficiaries pursuant to a revocable trust agreement. Upon request of the Credit Union, the trustee(s) will supply to the Credit Union a copy of the trust agreement evidencing trustee’s 's authority. Trustee warrants that a valid Living Trust living trust has been created, is currently in existenceexisting, and that trustor and beneficiary are members of the Credit Union. The Credit Union is under no obligation to act as a trustee or to inquire as to the powers or duties of the trustee(s). Xxxxxxx agrees to notify the Credit Union in writing if a change of trustee occurs. The Credit Union may withhold payment of funds to any party until proper evidence of authority is provided. Funds may be released to any one trustee acting alone or with a co- co-trustee. The Credit Union may rely upon the directions of any one trustee until a written notice of revocation of the living trust form is received. The trustee(s) agree to indemnify and hold the Credit Union harmless of any claim, damage or loss arising as a result of unauthorized acts of any trustee or former trustee unless a successor trustee notifies the Credit Union in writing prior to any unauthorized act. This Agreement shall be binding on the trust, successor trustee(s) and beneficiaries.

Accounts for Living Trusts. An account for of a Living Trust living trust is an individual account held by one or more trustees of a trust for the benefit of one or more beneficiaries pursuant to a revocable trust agreement. Upon request of the Credit Union, the trustee(s) will supply to shall sign a Living Trust Membership Card and a Trust Certification and provide any other evidence of the trustee’s authority the Credit Union a copy of the trust agreement evidencing trustee’s authorityrequires. Trustee Trustee(s) warrants that a valid Living Trust living trust has been created, is created or currently in existence, exists and that trustor and beneficiary the trustee(s) is/are members of the eligible for Credit UnionUnion membership. The Credit Union does not act as a trustee and is under no obligation to act as a trustee or to inquire as to the powers or duties of the trustee(s). Xxxxxxx Trustee(s) agrees to notify the Credit Union in writing if a change of trustee occurs. The Credit Union may withhold payment of funds to any party until proper evidence of authority is provided. Funds may be released to any one trustee acting alone or with a co- trustee. The Credit Union may rely upon the directions of any one trustee until a written notice of revocation of the living trust form or an updated Living Trust Membership Card is received. Funds may be released to any one trustee acting alone or with a co-trustee. The trustee(s) agree agrees to indemnify and hold the Credit Union harmless of any liability, claim, damage or loss arising as a result of unauthorized acts of any trustee or former trustee unless a successor or acts of any trustee notifies upon which the Credit Union in writing relies prior to any unauthorized actnotice of revocation of the trust. This Agreement shall be binding on the trust, any trustee, successor trustee(s) trustee, and beneficiaries.