5.4.3 Joint accounts and Revocable Trusts

In the case of revocable trust accounts, formal revocable trust accounts receive a higher priority than informal revocable trust accounts. As the revocable trust category allows an account to have single and multiple owners, the suggested debiting order is followed for joint revocable trust accounts.

Table 4-4 Joint accounts and Revocable Trusts

Priority	Trust Account Type
1	Formal Revocable Trusts
2	POD
2	Informal Revocable Trusts- Other

If an account is joint and not titled to a formal or informal trust, uninsured amounts are debited on a pro rata basis based on the co-owner’s share percentage regardless of the account product type.

Jointly owned revocable trust accounts are treated according to the order for revocable trusts.