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The trust, treated as its own entity

IRA-owned and personal trusts follow the appropriate banking product.

Today

The trust is opened on a personal deposit form with its name typed into a field, and whether an IRA owns it gets worked out later, by a person.

With Crown

Trust is its own choice, and one question, is this trust owned by an IRA, sets the banking product. The journey then collects the trust as an entity.

  • Trust (IRA-owned)
  • Trust (non-IRA)
  • Bank-branded journey

The trust agreement, collected and checked

Required paperwork is uploaded in the journey, before bank review.

Today

The agreement arrives as an attachment, gets read for the names and powers it grants, and gets chased when the version sent is not the executed one.

With Crown

The agreement is a step in the customer’s journey, uploaded once and checked for content before your team opens it. Where your bank wants a notarized document beside it, there is a place for that.

  • Trust Agreement
  • Optional notarized document
  • Checked on upload

Every co-trustee signs for themselves

Each invited trustee completes their own details and signatures.

Today

Co-trustees are identified from the agreement, contacted individually, and followed up by hand until every signature is in.

With Crown

Co-trustees are named in the application, and each is invited to complete their own information and signatures. Their progress is visible while it happens.

  • Co-trustees, when there are any
  • Each signs for themselves

The trust and its people, verified together

Business verification on the trust, identity verification on its people.

Today

The trust is verified in one system and its people in another, and somebody lines the two up before the file can move.

With Crown

One application runs KYB on the trust, KYC on its people, and OFAC sanctions and watchlist screening. A trust carries no beneficial ownership record, so Crown does not ask a trust customer for one.

  • KYB on the trust
  • KYC on its people
  • OFAC screening

From signed trust to open account

Your bank controls the decision and the configured core integration.

Today

Once every trustee is in, the file goes to review, and then somebody types it into the core. The advisor who referred the customer calls twice in the meantime.

With Crown

A trust that satisfies your bank’s configured rules can be approved and opened automatically, the rest go to your team, and Crown opens on your configured core integration either way.

  • Your opening rules
  • Your core integration
  • Bank-defined visibility

Questions banks ask about Trust accounts.

What the application collects, how accounts open, and what stays with your bank.

Does Crown handle IRA-owned trusts, or only personal trusts?

Both, as separate application types. One question in the application decides which: is this trust owned by an IRA? The answer sets the banking product used for the account, and both paths collect the same trust record, co-trustees and paperwork.

How are co-trustees handled?

They are named in the application, and each is invited to complete their own information and signatures after submission. Their progress stays visible throughout. Most single-grantor trusts skip the step entirely.

Which documents does a trust application collect?

A trust agreement, required. A notarized certification of trust can be supplied alongside it and is optional. Both are uploaded inside the journey and checked for content before they reach your team.

Does a trust application ask for beneficial ownership?

No. Beneficial ownership and the corporate resolution belong to the LLC family, so a trust customer is asked for neither.

Compare the LLC application

Can a trust be paired with a custodial IRA?

Yes. A custodial IRA paired with trust checking is a single application that opens both accounts and links the trust account back to the IRA. A trust can also be linked to an IRA the customer already holds.

See how the paired IRA works

What is Crown?

Account onboarding and account opening software for banks and trust companies. One application carries a customer from a branded first step through identity verification, business verification and OFAC screening to a decision under your bank’s rules, and then opens the account on your configured core integration.

A trust is not a personal account with a longer name.

See what a trust application looks like when the software treats the trust as a party to it.

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