Funding and Gifts

Online

What information do I need?

  • Log In (your account)
  • Trust ID
  • Name of Trust
  • Bank Info (your bank)

How does it work?

  1. Log In
  2. Go to Bank Info
  3. Enter Bank Info
  4. Click Gifts
  5. Enter Trust ID
  6. Verify Name of Trust
  7. Enter Gift
  8. Submit Gift

Check

What information do I need?

  • Trust ID
  • Name of Trust
  • Trustee Address

Who do I make the check out to?

Make the check out to the exact name on the trust. It is not required, but recommended that you include the Trust ID in the memo field.

Where do I send my check to?

Eastern Point Trust Company
C/O Eastern Point Services, Inc.
P.O. Box 232
Warrenton, VA 20188


Can I endorse a check that was not made payable to the trust?

Yes, sometimes family will incorrectly write the check. Instead of waiting on them to correct the check, the recipient of the check (excluding the Beneficiary) may endorse the back of the check to make it payable to the exact name of the trust.


Wires

Direct wires initiated from an external account includes a $75 fee, unless the wire is in an amount of $500,000, or more. Before initiating a direct wire of greater than $500,000, contact KissTrust Operations or call (855) 222-7513.


Equity & Securities (ACATS)

The Automated Customer Account Transfer Service (ACATS) allows our clients to transfer ownership of securities and equities directly to a trust. To initiate an ACATS transfer, contact KissTrust Operations or call (855) 222-7513.
An active trust must exist before an ACATS transfer can be initiated.

Life Insurance

You may modify your life insurance policy beneficiary election to name an existing trust as the sole, or partial, beneficiary of your life insurance policy. You will need an active trust in place before making any changes to your policy – and if you aren’t sure how to start, you can click here to learn how. However, changing the beneficiary of your life insurance policy is easy.

  1. Make sure the trust that you are naming as the beneficiary is active (in your KissTrust account, active trusts will clearly display its status being “Active”)
  2. Follow your life insurance, retirement account, brokerage, bank, or other service provider’s Changing of a Beneficiary form or procedure to request that the beneficiary of your accounts be changed
  3. Indicate an allocated percentage of equitable interest in the account or policy that the trust will assume, unless it will become the sole beneficiary (in which case, the trust would assume 100%, by default)
  4. Provide the following information to your policy provider or account custodian. See Info.

    Trustee Information
    Eastern Point Trust Company
    C/O: Eastern Point Services, Inc.
    P.O. Box 3322, Warrenton, VA 20188
    (866) 920-5477
    Beneficiary Information
    <<Name of Trust>>
    C/O: Eastern Point Services, Inc.
    P.O. Box 3322, Warrenton, VA 20188
    (866) 920-5477

  5. Inform Eastern Point Trust Company (the Trustee) providing that the beneficiary of your account(s) has been changed to the trust

Let your trust sleep.

Sleeping trusts are trust that are initially funded with a small amount of money, such as little as $25 with KissTrust, which plans to receive future payouts and proceeds from life insurance policies and other accounts. Since our Basic Plan is free, you can set-up a trust and let it sleep for as little or as long as you need without incurring extraordinary fees or worrying about your account being closed due to low-funding.

Other

Other savings accounts, such as IRAs, 401k, bank accounts, custodial accounts, and related savings accounts may name an active trust as the beneficiary. Contact your financial institution for more details on how to change the beneficiary of your account.

Frequently Asked Questions

Do I need to have a login to make a gift online?

Yes. Creating an account is simple and takes just a minute to complete (we never share nor sell account or login information). Gifting online with KissTrust is the safest and quickest way to protect your information and make a gift.

Can an estate gift into a trust?

Yes.

What’s the difference between 1st-party and 3rd-party trusts?

The primary difference between these types of trusts is defined by the IRS and relates to the source of funding and nature of the trust.

Who can make a gift into a 1st-party trust?

1st-party trusts must be funded sourced by funds, typically settlement proceeds, belonging to the beneficiary.

Who can make a gift into a 3rd-party trust?

3rd-party trusts may be funded sourced by funds belonging to anyone except by the beneficiary and terrorists, basically.