How to name beneficiaries and fund a trust at Banc of California
Covers 10 deposit, and 3 retirement accounts — beneficiaries can be managed online
Client Care Center
Banc of California, 11611 San Vicente Blvd., Suite 500, Los Angeles, CA 90049
Client Care Center
Banc of California, 11611 San Vicente Blvd., Suite 500, Los Angeles, CA 90049
Client Care Center
Banc of California, 11611 San Vicente Blvd., Suite 500, Los Angeles, CA 90049
The key to protecting your Banc of California 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.
With 13 product types, Banc of California offers a range of transfer options. Some accounts support Payable on Death (POD) designations, others can be retitled into a trust, and some require probate if no beneficiary is designated. The sections below break down each step.
- Full legal name, date of birth, SSN, and relationship
- Allocation percentages if naming multiple beneficiaries
- Designation as primary or contingent
Required Documents
- Trust name, date established, and tax ID (EIN or SSN)
Special Requirements
- Community property state (California): spousal consent may be required for IRA beneficiary changes naming someone other than the spouse
- Trust beneficiaries require the full legal trust name, trust date, and trustee names
- Banc of California recognizes both informal revocable trusts (POD accounts) and formal revocable trusts (living/family trusts) per the Deposit Account Agreement
Sources
Data sourced from Banc of California primary sources (13 pages reviewed). How we research.
Download these Banc of California instructions
Download instructions for the whole estateA printable PDF with the steps, required documents, and contact details — verified against Banc of California primary sources. Bring it to the branch or keep it beside the phone.
Client Care Center
Banc of California, 11611 San Vicente Blvd., Suite 500, Los Angeles, CA 90049
Client Care Center
Banc of California, 11611 San Vicente Blvd., Suite 500, Los Angeles, CA 90049
Client Care Center
Banc of California, 11611 San Vicente Blvd., Suite 500, Los Angeles, CA 90049
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