Revocable and Irrevocable Trusts at Ally Bank
A way to guide loved ones to a healthy financial future.
Your legacy, in trusted hands.
Preserve all that you’ve worked for with a Trust.
Keep things private.
Unlike with a will, Trust account info doesn’t become public record when it’s filed. Estate, asset and beneficiary details are always kept confidential.
Loved ones can skip probate.
Assets held by a Trust skip the time-consuming and sometimes costly process of probate, where a court organizes and distributes assets.
Maintain security and control.
You can delay access to assets until your beneficiaries reach a specific age or goal.
Your money, FDIC insured.
Deposits are insured by the FDIC up to the maximum allowed by law.
Getting your account set up.
A quick guide on what you need to get started.
Create a Trust agreement (if you haven’t already).
Work with a Trust and estate professional to go over your options and establish a Trust agreement. With us, you can open a deposit account for a revocable or irrevocable Trust.
Gather your documents.
Make sure you have all the right docs to make the application process as seamless as possible.
Convert your existing account or apply for a new one.
Use a savings, checking or CD account you already have with us, or open a new one in the name of a Trust.
Convert your account.
Turn your existing Ally Bank account into an account for a Trust by filling out our conversion request PDF form.
Apply for a new account.
Decide what type of account you want, then apply online. Make sure to indicate the account is for a Trust.
Prep with confidence.
Let us guide you through all things estate planning.
