How to name beneficiaries and fund a trust at Amplify CU

A POD designation never applies to an IRA. IRA beneficiary designations are handled on separate IRA paperwork.¹

A trust can be named as IRA beneficiary.^{2, 3}

Primary and contingent beneficiaries can be named, with percentage allocations when naming multiple beneficiaries.^{2, 3}

Amplify may require a signed Account Change Card, Member Services Request or other document it accepts before any account change takes effect.¹

Joint account holders may need to agree on beneficiary designations. Amplify reserves the right to require the written consent of all owners for any change to an account.^{2, 3}

Completed by a member service representative prepares it; the account owner signs. Sent by the institution on request.¹

For IRAs. Sent by the institution on request.¹

Amplify's Membership and Account Agreement lets it refuse instructions that expose it to claims, or require indemnification or a bond before it follows them.¹

Deposit accounts (checking, savings, high-yield savings, money market and certificates) can be retitled to a revocable living trust.^{2, 3}

IRA accounts cannot be retitled to a trust.^{2, 3}

Membership at Amplify runs through a savings account, so the membership share stays open and the trust retitling is applied to existing share accounts rather than replacing the membership.^{2, 3}

Amplify will facilitate trust, will or court-ordered arrangements, but may refuse instructions it believes expose it to claims, or require the owner to indemnify it or post a bond.¹

Securities and advisory services sold through Amplify Wealth Management^{2, 3}