ESTATE PLANNING
Leave a Legacy for Your Family or Community

Trust Account Information

If you've already established a living, family, charitable, or other type of trust, you may want to consider setting up a trust account as well. It's a great way to make sure money is set aside for another individual — like a child or grandchild — or give back to your community or another cause that's important to you. Plus, establishing a trust account may help prevent funds from being tied up in court after your death.

Open an Account

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Important Trust Account Information

  • A trust account can be registered in the name of a trust (living, family, charitable, or other).
  • You must already have a trust established to open a trust account.
  • Trust accounts are often set up to help meet financial needs for family members or for charitable reasons.
  • If you set aside funds for a child or grandchild in a trust account, that child will be able to access the funds based on the conditions in the trust document (for example, when he or she reaches a certain age).

Types of Trusts

  • An irrevocable trust generally can't be modified or terminated without the permission of the beneficiary and/or judicial authorities. It may be useful for federal estate tax planning.
  • A revocable living trust generally lets you transfer ownership of your property into a trust throughout the course of your lifetime. It gives you more control over your estate, both before and after death.
  • A testamentary trust is generally created by the terms of your will and goes into effect upon your death. It can't be amended or revoked.

Opening Your Trust Account

Your registered State Farm® agent can help explain your options to you, assist in setting up your trust account with State Farm Mutual Funds, help establish the right investment strategy, and answer any general questions you and your advisers may have. Or you can get started online right now by:

Risk Disclosures

Investing involves risk, including potential for loss.

Before investing, consider the investment objectives, risks, fees, and expenses associated with The State Farm College Savings Plan. Contact State Farm VP Management Corp (800-447-4930) for an Enrollment Handbook and Participation Agreement containing this and other information. Read it carefully.

Securities are not FDIC insured, are not bank guaranteed and are subject to investment risk, including possible loss of principal.

AP2013/03/0965

Not FDIC Insured

  • No Bank Guarantee
  • May Lose Value