Recognizing the potential behind the trillion dollar growth inindividual retirement account assets, MEMBERS Trust Co. haslaunched a product that is married with the features of atrust.

The new Trusteed IRA manages funds during the life of thegrantor and during the grantor's incapacity and at death. Itcontains multiple payout options to include outright payments,partial payments, time-sensitive payments, income only payments,principal discretionary payments, or a combination of theabove.

According to the credit union firm MEMBERS Trust, the IRA/trustaccount combo maintains the same tax treatment as an IRA. Aseparate conduit trust is not needed, which eliminates the time andexpense of drafting a new document, the Tampa, Fla.-based companysaid. Members can determine who will receive IRA assets and howthey will be used.