Financial Planning

What is an In-Trust Account?

Integris Financial Planning Services Ltd. is a wholly-owned subsidiary of Integris Credit Union.

An in-trust account is a way for a person to transfer a gift (money or property) to beneficiary. This money is held by a third party until the individual meets the requirements to accept the gift.

How can it benefit me?

There are many different reasons to open a trust account. It may be part of a will, it might be an investment opportunity for your child’s future, or it might even be for the tax benefit. It is best to discuss In-Trust accounts with your Financial Planning Representative to ensure all of the legal and tax requirements are being complied with.

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What are the steps to opening an in-trust account?

  • Step 1:  Meet with a Financial Planning Representative to discuss your In-Trust account intentions and realize any desired benefits.
  • Step 2:  Formally establish your In-Trust account by signing documents, contributing funds, designating a beneficiary, and naming a trustee to administer the account.
  • Step 3:  Ensure that the In-Trust account complies with all legal and tax requirements.

There are many benefits to opening an In-Trust account, please speak with a Financial Planning Representative or book and appointment today for more information.

Integris Financial Planning Services Ltd. is a wholly-owned subsidiary of Integris Credit Union.