Trust Accounts

What is a trust account?

In California, when a person dies and owns real and personal property with a gross value over $166,250.00, the property is transferred to their heirs through a court-supervised proceeding called "probate." Probate can take months or even years to complete.

A trust is an estate-planning tool used primarily to avoid the delays and costs of the public probate process.

An individual will typically work with an attorney or professional estate planner outside Star One Credit Union, to create a trust agreement.

Upon creating the trust, the individual transfers title of their Credit Union assets to be held under the trust.

Living Trusts and Estate Planning—a free webinar

Learn about estate planning and other helpful ways to prepare for the future. Star One's Beneficiary Retiree Services team will be on hand with guest speaker Natalie Spiwak, Estate Planning Representative with Affinity Trusts, to answer general questions and show how the Credit Union can help you with your Estate Planning needs.

Wednesady, July 20, 2022, 5:00–6:15 PM PT
Register now for "Living Trusts and Estate Planning."

How to open a trust account

1. Create a trust agreement with a professional estate planner or attorney.
2. To open a trust membership, or convert an existing Star One membership to a trust, visit any Star One branch OR complete our printable mail-in membership application.

Free estate-planning consultations

Star One members have access to complimentary estate-planning consultations through Affinity Trusts and discounted living trusts and other estate-planning documents prepared by the experienced attorneys at Citadel Law.

Star One member discount pricing for an Affinity Trusts Comprehensive Estate Plan starts at $1,795 for individuals, or $2,095 if married (compared to $2,495 and $3,495 at Citadel Law Corp).