Trust Accounts
A trust is an estate-planning tool used primarily to avoid the delays and costs of the probate process.
What is a trust account?
In California, when a person dies and owns real property over $50,000 and personal property over $150,000, their property is tranferred to their heirs through a court-supervised proceeding called "probate" that generally takes at least nine months, or even longer than a year.
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.
Free educational workshops
Age Well, Plan Well
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, Certified Citadel* Estate Planner, to answer general questions and show how the Credit Union can help you with Estate Planning needs.
*Note that neither Star One nor any of its affiliates give tax advice. Please consult a tax professional for information specific to your situation.
February 2, 2019, 9:00a.m. - 11:00a.m.
Administration building, Sunnyvale, CA
Register now by email.
How to open a trust account
- Create a trust agreement with a professional estate planner or attorney.
- Open a new Star One revocable trust membership online OR complete our printable mail-in membership application for irrevocable trusts, estate account trusts, or conversions of existing Star One memberships to a revocable trust.
Free estate-planning consultations
Star One members have access to free complimentary estate-planning consultations and discounted living trusts, prepared by the experienced attorneys at Affinity Trusts.
Star One member discount pricing for an Affinity Trusts Comprehensive Estate Plan starts at $1,695 for individuals, or $1,995 if married (compared to $2,495 and $3,495 at Citadel Law Corp).