You entered the same person as both the owner and beneficiary of this account. A person cannot be both the owner and beneficiary of the same revocable trust account. The beneficiary is the person or entity who receives the trust <a href="javascript:glink('shares')">shares</a>   after the death of the last owner. For share insurance purposes, the NCUA considers a trust beneficiary to be the person or entity who receives the trust shares after the death of the last owner. Correct your response to continue.