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Fiduciary Accounts

Fiduciary Accounts

For members who have special legal responsibilities in managing the needs of others.

At a Glance

An account useful for members when they have special legal responsibilities. The account is established by a Fiduciary. The account is held by an individual usually acting as Executor, Administrator, or Guardian.¹

Details

Legal documentation - must be furnished to DCU before we can open the account.
A DCU Savings or Checking Account - can be set up as a Fiduciary Account.
Debit or ATM Card - can be issued in the Fiduciary's name only. (upon approval)
Membership Eligibility Requirements - apply to the fiduciary
A Fiduciary Account is opened using the Social Security Number of the individual who owns the funds or the Tax ID Number of the estate.
¹DCU cannot provide legal, tax, or estate planning advice. We suggest you discuss your particular situation with a tax consultant or advisor. 

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