$250,000 FDIC Insurance Per Trust Beneficiary Makes Trusts Very Attractive

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There are good reasons and bad reasons for setting up a funded revocable living trust (RLT). Here is one of the better reasons: FDIC insurance has been increased and now covers each beneficiary's interest in an RLT up to $250,000 each. The legislation authorizing the increase in deposit insurance coverage limits makes the change effective October 3, 2008 through December 31, 2009.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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