As an essential topic often overlooked, this video dives into the protections provided by the Federal Deposit Insurance Corporation (FDIC) and the National Credit Union Administration (NCUA) for both revocable and irrevocable trusts.

Attorney Andrew Bethel explains how FDIC insurance covers deposit accounts in banks up to $250,000 per beneficiary, ensuring your trust funds are protected. The video also covers NCUA insurance for credit union accounts, detailing coverage limits and types of accounts insured. Learn the critical differences between revocable and irrevocable trusts under both FDIC and NCUA insurance, and understand the practical considerations for maximizing your coverage.

00:00 Intro
00:14 Importance of FDIC and NCUA Insurance
00:50 Understanding FDIC Insurance
01:24 FDIC Insurance: Key Points
02:10 Revocable vs. Irrevocable Trusts under FDIC Insurance
03:07 Understanding NCUA Insurance
03:43 Revocable vs. Irrevocable Trusts under NCUA Insurance
04:56 Simplified Rules and Final Thoughts
05:26 Conclusion

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Disclaimer
Viewing this video does not create the expectation of an Attorneyclient relationship. The information from this video is for general information purposes only. Nothing should be taken as legal advice for any individual case or situation.