We have a customer who has established a revocable, grantor trust called "Golden Morning Rev. Trust." He is inquiring about FDIC insurance, and I'm guessing that if the Trust states that a) it is a grantor trust and b) he has named and qualified beneficiaries who will receive the funds in the Trust when he dies - it would be insured in the Revocable Trust category. Is that correct? I've never seen a grantor, Revocable Trust NOT in a person's name.

I don't believe that the trust has to include the grantor's name, although it seems customary. We have recently seen some older trusts that do not even give a name!

As an update to my own question, I spoke with an attorney at the FDIC, who stated that no, a Formal Trust does not have to bear a "real" name. To qualify as insurable, however, it must be a "testimentary trust"; the intent of the grantor to pay funds to a named and qualified beneficiary must be clear. Because we only had the Certificate of Trust Existence, she suggested contacting the customer and asking who will receive the funds in the accounts titled in the Trust when he passes away. His response will give us more information to be able to determine whether or not the funds are covered in the Revocable Trust category.