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 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.
How to open a trust account
- Create a trust agreement with a professional estate planner or attorney.
- 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).