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To make sure your escrow accounts get the maximum level of protection, there are specific rules and considerations that both brokers and financial institutions must adhere to. The FDIC provides insurance coverage for deposits in member banks up to a certain limit.

The FDIC adds together all single accounts owned by the same person at the same bank and insures the total up to $250,000.

The standard deposit insurance amount is $250,000 per depositor, per insured bank, for each account ownership category. The FDIC insures deposits that a person holds in one insured bank separately from any deposits that the person owns in another separately chartered insured bank.

You and your spouse each can open individual accounts at a single bank, resulting in each of you having up to $250,000 FDIC-insured. You can then also open a joint account and each has $250,000 insured in that account. Between those three accounts, you could have up to $1 million FDIC-insured at one bank.

(5) ?Small estate? means a probate estate of a decedent who died domiciled in this state in which: (A) The total aggregate fair market value, on the decedent's date of death, of all probate personal property and all probate personal assets does not exceed $50,000; and (B) the total aggregate fair market value on the ...

The Legislature, in cases not provided for in this Constitu- tion, shall prescribe, by general laws, the terms of office, powers, duties and compensation of all public officers and agents, and the manner in which they shall be elected, appointed and removed.