Extend your legacy for future generations

Help your family avoid probate and estate taxes. When you open a trust account, you're taking a crucial step to help preserve your wealth for years to come.

Trust Account
The Run Down
  • Perfect account for estate planning
  • Protect your assets from probate and estate taxes
  • Available with savings, supplemental savings, checking, and certificate accounts
  • Deposit is insured up to $250,000 by NCUA
  • No maximum balance limit
  • Dividends paid monthly for accounts with average balances of $100 or more
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Trust Account 101

Trust accounts are set up to ensure that after you're gone, your assets are distributed the way you see fit. Even if you already have a will, your assets may face costly probate fees before they’re distributed to your family and other beneficiaries. With a trust account, your loved ones will get access to the funds with much less hassle.


Types of trust accounts

Open a trust account today to protect your wealth from costly estate taxes to help ensure the financial well being of your family. You can open a trust account with any of the following four types of accounts: 

Trust account fees

eStatements (electronic account statements) Free

Trust account FAQs

Where do I send checks payable to, or for deposit into, my Alliant Trust Account?

Mailing Address (U.S. Postal Service)
Alliant Credit Union
Attn: Special Services
P.O. Box 66945
Chicago, IL 60666-0945

Overnight Service
Alliant Credit Union
Attn: Special Services
11545 W. Touhy Avenue
Chicago, IL 60666

What is a trustor or a trustee?

The trustor/grantor/settlor is the person who creates the trust. The trustee is the person who manages the assets in the trust. In some instances, the currently acting trustee may not be the original trustor.

Who is an owner of a trust account?

An owner of a trust account is the person who has the powers to modify or revoke the terms of the trust, referred to as the trustor/grantor/settlor within the trust.

Can I add an existing trust as a beneficiary?

Yes. You can designate a trust as a beneficiary for your personal account.

What do I need to provide to Alliant in order to open a living trust?

To open a living trust, please provide copies of the pages of your Trust Agreement or Certification of Trust that indicate:

  1. Type of trust
  2. Name of the trust
  3. Date the trust was established
  4. Names of the trustees
  5. Death certificate for deceased trustees (if applicable)
  6. Names of the successor trustees
  7. If trustees may act independently or must act together (if there is more than one trustee)
  8. Names of the beneficiaries (optional; for share insurance purposes only)
  9. Signature and notary seal
Can I open up a trust if the trustee is deceased?

Yes. You will need to supply the death certificate if one of the trustees is deceased. If all of the original trustees of a living trust are deceased, then the successor trustee must obtain a Tax ID Number from the IRS and provide a copy of the death certificate.

What products and services are not available with trust accounts?
  • Debit or convenience cards
  • Credit cards
  • Loans, mortgages and home equity products
  • IRAs and HSAs

However, you can always open a separate membership account to take advantage of these products. 

Can I keep my individual Alliant Credit Union account as well as a trust account?

Absolutely — and we encourage you to do so.

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