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You can name a trust as a direct beneficiary of an account. Upon your death, your assets transfer to the trust and distributions are made from the trust to its beneficiaries according to your wishes.
A trust is a contract that gives an individual or an institution\u2014like U.S. Bank, for example\u2014the authority to hold legal title to assets while managing them for the benefit of others. Trusts can help you ensure that your assets are distributed and managed according to your wishes.
Trust accounts can be opened by any trustees named in the trust agreement. To open a trust account, check the documentation required by the bank where the account will be opened.
A Trust Bank Account can help you to manage assets on behalf of beneficiaries e.g. who may lack mental capacity, be minors, have a disability. A Trust Bank Account can help you to protect assets from creditors, from those who may influence beneficiaries.
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