How to name beneficiaries and fund a trust at Associated Bank
Covers 8 deposit, 6 retirement, 1 investment, and 2 lending accounts — beneficiaries must be updated in-branch
Private Wealth - Trust & Estate Administration
Customer Care (account holder deceased)
Associated Bank, WE CARE Department, 1305 Main Street, MS 7722, Stevens Point, WI 54481-0327
The key to protecting your Associated Bank accounts is making sure each one has a transfer mechanism in place—either a beneficiary designation or trust ownership. Without one, the account goes through probate, adding time, cost, and court involvement for your family.
Associated Bank has 17 product types, and the estate transfer rules differ across them. Some support Payable on Death (POD) designations, some can be retitled into a trust, and others will require probate if nothing is set up. Each is covered below.
- Provide beneficiary full legal name, date of birth, and Social Security number
- Specify percentage allocation if naming multiple beneficiaries
Required Documents
- Trust name, date established, and tax ID (EIN or SSN)
Special Requirements
- Signatures of all account holders required to add, change, or remove POD beneficiaries
- An agent (power of attorney) cannot modify POD beneficiaries unless the agency document clearly authorizes the agent to exercise testamentary powers
- Beneficiaries must be living to claim funds
- If multiple POD beneficiaries are named, funds belong to surviving beneficiaries equally unless otherwise specified on the form
- POD beneficiaries have no ownership interest in the account until all account holders are deceased
- Named beneficiaries override instructions in a will
Sources
Data sourced from Associated Bank primary sources (22 pages reviewed). How we research.
Download these Associated Bank instructions
Download instructions for the whole estateA printable PDF with the steps, required documents, and contact details — verified against Associated Bank primary sources. Bring it to the branch or keep it beside the phone.
Private Wealth - Trust & Estate Administration
Customer Care (account holder deceased)
Associated Bank, WE CARE Department, 1305 Main Street, MS 7722, Stevens Point, WI 54481-0327
Estate planning articles
Learn how to protect your Associated Bank accounts and other assets with trusts, beneficiary designations, and estate planning documents.
