Common use of Accounts for Living Trusts Clause in Contracts

Accounts for Living Trusts. An account of a 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 shall sign an Account Authorization Form and provide any other evidence of the trustee’s authority the Credit Union requires. Trustee warrants that a valid living trust has been created, is currently in existence, and that the trustor and primary beneficiary are eligible for

Appears in 3 contracts

Samples: Membership and Account Agreement, Membership and Account Agreement, Membership and Account Agreement

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Accounts for Living Trusts. An account of for 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 shall sign an Account Authorization Form and provide any other evidence of the trustee’s authority trustee(s) will supply to the Credit Union requiresa 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 the trustor and primary beneficiary are eligible forLiving Trust

Appears in 2 contracts

Samples: Membership and Account Agreement, Membership and Account Agreement

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Accounts for Living Trusts. An account of a living trust is an individual account held by one or more trustees of a trust for the benefit of one or more ore beneficiaries pursuant to a revocable trust agreement. Upon request of the Credit Union, the trustee shall sign an Account Authorization Form and provide any other evidence of the trustee’s authority the Credit Union requires. Trustee warrants that a valid living trust has been created, is currently in existenceexisting, and that the trustor and primary beneficiary are eligible forbene-

Appears in 2 contracts

Samples: Membership & Account Agreement, Membership & Account Agreement

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