Trust Fund For Inmates

State:
Multi-State
Control #:
US-01372BG
Format:
Word; 
Rich Text
Instant download

Description

The Trust Fund for Inmates document outlines an irrevocable trust agreement where the Trustor transfers life insurance policies and other assets to a Trustee for management. This form emphasizes the establishment of a trust estate that will not revert to the Trustor, ensuring protection from creditors and maintaining the trust's purpose. Filling out this form requires accurate identification of the Trustor, Trustee, and the assets being transferred, including life insurance policies. It includes sections for the management of income, payment of premiums, and the process for collecting the insurance proceeds upon the death of the Trustor. Additionally, the document details the Trustee's powers, the rights regarding policy management, and the conditions for adding to the trust. The form is useful for legal professionals such as attorneys and paralegals, as it enables them to assist clients in protecting assets, particularly for individuals with legal challenges or those who may be imprisoned. The clarity of instructions allows for ease of use, making it accessible for those with limited legal experience.
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FAQ

If you're trying to open a bank account for an inmate, you could check with the Department of Corrections or Criminal Justice to find out which banks are approved. The Department of Corrections should also be able to tell you what restrictions or requirements apply when opening accounts for inmates.

Adults in custody have two main types of accounts: a phone account and a commissary (trust) account.

Send money to a RIDOC inmate online, over the phone or at one of our convenient deposit kiosks! We are located in the John O. Pastore Government Center at 51 West Road, Cranston, RI 02920 (adjacent to the John Moran Facility [Medium Security]). Click on .accesscorrections.com to send money to your loved one today!

A Trust Fund, or commissary account, is an account you can deposit money into that allows your inmate to buy things like food, clothing and other products. You can easily make Trust Fund deposits right in the ConnectNetwork mobile app. Just follow these steps: Find your inmate, then select the ?Trust Fund? icon.

U.S. Mail, JPAY Electronic Deposit (PDF) JPAY: One Click Payments with JPay. TouchPay Electronic Deposit (PDF) TouchPay: .ctdoc.net. Western Union Electronic Deposit (PDF) Western Union: .westernunion.com/corrections.

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Trust Fund For Inmates