Nothing is said in the trust regarding specific bank or credit union or broker accounts.
Would the FDIC and NCUA consider the beneficiaries as "unequal beneficiaries"? Or would they rely on the trustee to make that determination.
The investor just wants to figure out with some degree of certainty what the FDIC and NCUA insurance limits are on her living trust accounts.
What if $xx mentioned above exceeds $250,000?
Thus far, she has been going under what seems to have been the old rule (or a previous understanding) that the insurance was limited to 5 x $250,000, as there were more than 5 beneficiaries, but it seems there is a higher level of insurance actually available.