Re: adding trust to existing credit union accounts

[Noelle <noelle>]

Just to follow up with our last phone call: we talked with Alliance 
Credit Union two more times and received one phone call.  They still 
refuse to transfer my existing checking and savings accounts into 
the trust; instead, they insist that we must open new joint accounts 
in order to put them into the trust.

My current thought is that I will try to open another savings 
account at the same credit union as my husband, and leave my 
checking account at Alliance.  (Note that my husband was able to 
successfully transfer his accounts at his credit union into the 
trust, so we know that I would be able to transfer any new savings 
account into the trust.)

Note also that Alliance Credit Union refused to have the trust as a 
beneficiary for any accounts, including the checking account.  This 
means that any account I leave open at Alliance will be subject to 
probate, unfortunately.

On Sat, 9 Jun 2018, Noelle wrote:
 > We're only both available on Thursday.  We'll try you Thursday.
 > 
 > Appreciate this.
 > 
 > On Fri, 8 Jun 2018, http://www.ainerfraker.com/~john wrote:
 >  > Hi Noelle,
 >  > 
 >  > Please call me to discuss (408) 647-4242
 >  > 
 >  > ________________________________
 >  > From: Noelle <http://dummy.us.eu.org/noelleg>
 >  > Sent: Thursday, June 7, 2018 2:06 PM
 >  > To: http://www.ainerfraker.com/~john
 >  > Subject: Re: adding trust to existing credit union accounts
 >  > 
 >  > It appears that we may be having a similar problem with Alliance
 >  > that we are with Keypoint w.r.t. insisting that accounts associated
 >  > with the trust be "joint" accounts.
 >  > 
 >  > In particular, Alliance is saying that the existing individual
 >  > checking and savings accounts cannot be change to the trust because
 >  > there is a mortgage account associated with my same member number.
 >  > To your knowledge, has anyone else with a mortgage with Alliance
 >  > experienced this problem?
 >  > 
 >  > As a possible solution, they suggested open up brand new accounts
 >  > under the name of the trust; in that case, they would be essentially
 >  > "joint" accounts since Robert needs to have his social security
 >  > number as the primary Tax ID on the accounts (This is stipulated
 >  > in the certification), with my SSN being secondary.
 >  > 
 >  > Thanks for any further advice.