FDIC Insurance for Bank Accounts in the Name of a Revocable Trust

[Another Reader]

Reading the information at the FDIC website, it appears funds in an account in the name of a revocable living trust with an individual as trustee are counted separately from funds in the same individual's personal account for insurance purposes. Am I reading this correctly? As long as the amount in each ownership is $250,000 or less, both accounts are fully insured, right?

 

[kaneohe]

https://edie.fdic.gov/calculator.html

You should use edie to check this out. Does the trust have living folks for beneficiaries? Does the owner's personal account have POD beneficiaries?
One of the surprises to me was that if the trust has a couple of beneficiaries
and the individual account has POD two beneficiaries, the FDIC insurance is less than if the individual account does not have POD beneficiaries.

 

[Another Reader]

https://edie.fdic.gov/calculator.html

You should use edie to check this out. Does the trust have living folks for beneficiaries? Does the owner's personal account have POD beneficiaries?
One of the surprises to me was that if the trust has a couple of beneficiaries
and the individual account has POD two beneficiaries, the FDIC insurance is less than if the individual account does not have POD beneficiaries.

Thanks! I'm the current beneficiary, but I put the estate as the beneficiary to make the tool work. I will have to look at that more carefully.