Protect Your Legacy with WyHy Trust Accounts
At WyHy Federal Credit Union, we understand the importance of securing your assets and ensuring a smooth transfer to your beneficiaries. Our Trust Accounts are designed to offer flexibility, security, and peace of mind, making them an ideal choice for managing your financial legacy.
Key Benefits of WyHy Trust Accounts:
- Changeable Terms: Easily amend, change, or terminate your trust account as your needs evolve.
- Opening Fee: Account can be opened for as low as $10
- Unlimited Withdrawals and Transfers: Enjoy the convenience of unlimited transactions without restrictions.
- Comprehensive Services: Access a wide range of financial services including checking accounts, debit cards, direct deposit, and Share Certificates
- Exclusions: Note that trust accounts do not support loans, ensuring your assets remain dedicated to their intended purposes.
Why Choose a WyHy Trust Account?
- Flexibility and Control: WyHy Trust Accounts are revocable, allowing you to make changes or terminate the trust as needed, giving you full control over your assets.
- Smooth Asset Transfer: Trust accounts are often used to bypass the probate process, enabling a quicker and more efficient transfer of assets to your beneficiaries.
- Comprehensive Financial Management: Combine your trust account with other WyHy services to manage all your financial needs in one place, including checking, savings, and investment options.
How It Works
Opening a WyHy Trust Account is simple and straightforward. Here’s how you can get started:
Visit or Contact WyHy
Our friendly staff will guide you through the process and help you set up your trust account.
Fund Your Account
Your account can be opened for as low as $10. Deposit the initial funds into your new trust account.
Access Your Account
Access and manage your account online, through our mobile app, or by visiting any WyHy branch.
Update Your Trust Details
Regularly review and update your trust account details to ensure that they reflect your current wishes and financial situation.
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Frequently Asked Questions (FAQs)
What is a WyHy Trust Account?
A WyHy Trust Account is a financial account designed to manage and transfer assets efficiently, often used to avoid the probate process.
What is the fee to open a trust account?
An account can be opened for as low as $10. This nominal fee covers the administrative costs associated with setting up your trust account, ensuring you receive personalized and secure service from the very beginning.
Are there any restrictions on withdrawals and transfers?
No, you can make unlimited withdrawals and transfers from your trust account.
Can I use my trust account for loans?
No, trust accounts do not support loans.
For more detailed information or specific inquiries, please contact WyHy Federal Credit Union directly.
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