Invest for Your Animals (No Joke!)
September 12, 2007
Umbrella Bank is the internet banking division of New South Federal Savings Bank and is offering an account called the PetTrustPlus Account which allows savings to be set aside for the care of your pet in the event of your death or incapacitation. The account earns a 2.50% APY and comes with the following features:
FREE Pet Trust
FREE personalized Pet Profile with Emergency Response Cards
2.50% APY (Annual Percentage Yield)
APY is accurate as of Wednesday, September 12, 2007 .
The interest rate and APY may change after the account is opened.
No minimum balance
Check your balance or review your account activity 24 hours a day
FREE direct deposit
FREE recurring ACH transfers from your checking account
ATM card issued on request
Download account history into Quicken or Microsoft Money
For complete details, refer to the Legal Disclosures
How it Works
A PetTrustPlus Account combines the legal authority of a Trust document with the financial security and flexibility of an online, interest-bearing savings account. This creates a one-of-a-kind solution to one of the most pressing concerns of every pet owner, which is “How will my pets be cared for should I die suddenly?”
Research shows that 71% of horse owners have thought about providing care for their animals after their death, but the majority of owners have no formal plan in place or monies designated for the ongoing care of their animals. That no longer needs to be the case.
A PetTrustPlus Account from UmbrellaBank.com puts you in total control. Each account comes with a complimentary Trust document that you can update at any time and a savings account that you can add to or withdraw funds from whenever you wish.* You can even close the account at any time for any reason without penalty. With so much flexibility, planning for the long-term care of your pets is a snap.
* Subject to a monthly limit of 6 transfers from the account
Opening a PetTrustPlus Account takes only a few minutes. Here’s how the process works:
1. Open A PetTrustPlus Account
First, you will be asked to provide some personal information.
2. Receive A Welcome Packet
Once you complete the application, and assuming you are approved for the PetTrustPlus account, you will be mailed a Welcome Packet that contains information about your account.
3. Receive Your Pet Trust and Pet Profile Documentation
Once you have funded your PetTrustPlus account, you will receive an email that contains fill-in forms for your Pet Trust Pet Profile documentation. We recommend that you print and discuss the Pet Trust with your attorney and/or tax advisor. When you have completed your Pet Profile and Pet Trust you should store it in a safe place.
That’s all there is to it! Just four easy steps to ensure that your pets are cared for in a proper fashion for the rest of their lives. And best of all, there are no fees associated with opening your PetTrustPlus account.
