Enhanced FDIC protection for trust accounts

Katarinna McBride (Beerman Swerdlove, LLLP, Chicago, Illinois) has recently published her article entitled Estate Planning for FDIC Coverage, 96 Ill. B.J. 590 (2008).  She explains how new FDIC rules provide more protection for revocable trusts (up to $250,000 per beneficiary) but that questions remain.  She also warns that enhanced protection ends on January 1, 2010 when the protected amount returns to $100,000 per beneficiary.