Stop paying thousands in fees.
When you open a free Legacy account, you are also creating a Totten trust, or Payable On Death account, designed to transfer assets from your estate without interference from a probate court. You can close the account, withdraw some or all of the funds, or change how assets will be distributed at any time. Deposits are FDIC-insured, up to $1.5 milllion.
Shield gifts from creditors.
Legacy can help high-risk professionals such as doctors, attorneys, architects, engineers, developers, and business owners. Make one change in your account, and it changes to a self-settled spendthrift trust in Nevada, which is also known as an asset protection trust. It's still free, with all the same features. Only now your account is out of reach of most creditors.
How does it work?
You create time capsules for future emergencies.
Add money to a time capsule, to prefund expenses, or give money to your family over time.
You configure each time capsule.
Do you want maximum flexibility to change your mind, or maximum protection from creditors?
We serve as your trustee.
We control and safe keep your assets, distribute assets according to your wishes, and maintain records of disbursements.
Start gifting with Legacy today
One platform with all the ecommerce and banking features you need to start, plan, and match your family gifting.