Fiduciary and Other Accounts

A Revocable Trust, or Living Trust, is a Trust that can be changed by the Trust owner at any time. These changes may include removing or adding beneficiaries.

To open a Revocable Trust, please bring the following documents:

• Original Trust documents OR Certification of Trust
  For Original Trust paperwork, the Credit Union will need to review the first page of the Trust, the Successor Trustee page and Signature/Notarized page.
  Certifications of Trust must name Successor Trustee(s).
• Social Security Number (SSN) or Employer Identification Number (EIN)
  If using an EIN, copy of the IRS EIN letter is required.
  To apply for an EIN, visit IRS.gov, search “Apply for EIN.” EINs are issued within a few minutes.
• Account card (provided by the Credit Union)

All current acting Trustees must be present to sign account paperwork.

Once the Trust agreement is signed, an Irrevocable Trust cannot be changed.

To open an Irrevocable Trust, please bring the following documents:

• Original Trust documents OR Certification of Trust
  For Original Trust paperwork, the Credit Union will need to review the first page of the Trust, the Successor Trustee page and Signature/Notarized page.
  Certifications of Trust must name Successor Trustee(s).
• EIN Letter
  To apply for an EIN, visit IRS.gov, search “Apply for EIN.” EINs are issued within a few minutes.
• Original death certificate (for creators of the Trust) and/or
• Proof of incapacitation, as outlined within the Trust, for any current Trustees unable to act
• Account card (provided by the Credit Union)

An Estate account is an account that is set up to hold the funds of an estate, or the total net worth of an individual after their death. The account is managed by the Estate’s executor.

To open an Estate account, please bring the following documents:

• Original Letters of Testamentary or Administration, no older than two years
  Must be recorded in Arizona if it was issued by another state)
• EIN Letter
  To apply for an EIN, visit IRS.gov, search “Apply for EIN.” EINs are issued within a few minutes.
• Original or certified copy of death certificate
• Account card (provided by the Credit Union)

A Representative Payee is a person who is designated by the Social Security Administration or the Department of Veterans’ Affairs to receive and manage benefits on behalf of an individual who is unable to manage the funds.

To open a Representative Payee account, please bring the following documents:

• Social Security Administration letter appointing Representative Payee OR Department of Veterans’ Affairs letter appointing fiduciary
  Applications for appointment are not accepted as proof of appointment
• Account card (provided by the Credit Union)

A conservatorship account is set up so a court-appointed individual can manage finances for a minor or a person who is unable to provide for their own financial needs.

To open a Conservatorship account, please bring the following documents:

• Original court order (no older than three months)
• Letters of Appointment/Authority
• Letters of Acceptance
• Account card (provided by the Credit Union)

A conservatorship account is set up so a court-appointed individual can manage finances for a minor or a person who is unable to provide for their own financial needs.

To open a Conservatorship account, please bring the following documents:

• Original court order (no older than three months)
• Letters of Appointment/Authority
• Letters of Acceptance
• Proof of Restricted Account (if applicable)
• Account card (provided by the Credit Union)

An Arizona Uniform Transfer to Minors Act account, or AZUTMA, is an irrevocable financial gift to a minor. The funds are to be used for the benefit of the minor or paid to the minor for their use.

To open an AZUTMA account, OneAZ will provide the following documents:

• Successor Custodian Designation Form (optional, provided by the Credit Union)
• Account card (provided by the Credit Union)