Fifth Third Bank is offering free wills to its customers.
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Annual yield (APY)
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Availability
Fifth Third Bank operates 1,100 branches across 11 states, including Florida, Georgia, and Ohio.
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Minimum balance
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Monthly fee
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Free ATM Network
The bank has a network of 2,400 ATMs, along with partner ATMs throughout the U.S.
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Overdraft fee
Overdraft protection is available for checks and invoices, with other fees at $37 per item. A feature called “extra time” allows account holders to make a deposit to cover overdrafts within a few business days.
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Mobile Check Deposit
Strong Points
- Free checking accounts with no minimum balance
- Extensive ATM partner network
- Extra time to avoid overdraft fees
Cons
- No APY for checking accounts
- Services limited to 11 states
Your Fifth Third Bank clients can access Trust & Will’s online platform for creating a free, tailored will. This tool is designed to save time and avoid complications after someone’s passing.
Not having a will could lead to a lengthy probate process, delaying access to funds meant for burial or medical expenses. It also might result in assets distributed contrary to one’s wishes.
“We recognized a clear need,” said Erin Crawford from Fifth Third’s consumer payments division. “It’s reassuring for customers to know their loved ones are protected in case something happens.”
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Fee
Individuals pay $199, while joint wills cost $299. Individual trusts are $499, and joint trusts $599.
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Available Estate Planning Options
Wills, living wills, power of attorney, trusts
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Access to Legal Assistance
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Outstanding Features
Trust & Will provides an easy-to-use platform with access to legal professionals for personalized guidance on estate planning.
Strong Points
- User-friendly with clear instructions
- Legal support and probate assistance available
- Excellent customer service seven days a week
Cons
- Free updates for the first 30 days only
- Trust renewal costs $39 annually, and $19 for other updates
- Not all states offer legal support
Wills through Trust & Will start at $199, and this free offer is accessible for individuals and joint wills in the 11 states served by Fifth Third Bank.
Additionally, trust accounts are available at $299. Trusts can offer more privacy and can expedite the estate resolution process compared to wills.
“Every family deserves peace of mind,” Trust & Will CEO Cody Barbo stated. “Our mission is to make estate planning accessible to everyone, and this partnership helps us move closer to that goal.”
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