How to name beneficiaries and fund a trust at Atlantic Union
Covers 13 deposit, 2 retirement, and 2 lending accounts — beneficiaries must be updated in-branch
1051 East Cary Street, Suite 1200, Richmond, VA 23219
Trust & Asset Management
4300 Cox Road, Glen Allen, VA 23060
Customer Care / Trust & Asset Management
1051 East Cary Street, Suite 1200, Richmond, VA 23219
The key to protecting your Atlantic Union 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.
Each of Atlantic Union's 17 accounts has different rules for how it transfers at death. The sections below explain the options for each.
- Bring valid government-issued photo ID
- Each beneficiary's full legal name and identifying information
- Percentage allocations if naming multiple beneficiaries
- For IRA accounts, complete separate beneficiary designation paperwork
Required Documents
- Trust name, date established, and tax ID (EIN or SSN)
Special Requirements
- Beneficiary cannot withdraw unless account owner dies and beneficiary is then living
- Account owner retains the right to change beneficiaries, change account types, and withdraw funds at any time
- Joint account holders may need to agree on beneficiary designations
- Beneficiary changes must be made by notifying the bank in writing or in person; the bank requires reasonable opportunity to act on the request
- For IRA accounts with multiple beneficiaries, unequal shares may be designated by notifying the bank in writing
Sources
Data sourced from Atlantic Union primary sources (20 pages reviewed). How we research.
Download these Atlantic Union instructions
Download instructions for the whole estateA printable PDF with the steps, required documents, and contact details — verified against Atlantic Union primary sources. Bring it to the branch or keep it beside the phone.
1051 East Cary Street, Suite 1200, Richmond, VA 23219
Trust & Asset Management
4300 Cox Road, Glen Allen, VA 23060
Customer Care / Trust & Asset Management
1051 East Cary Street, Suite 1200, Richmond, VA 23219
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