Estate planning at Bank of America
How to protect 16 Bank of America accounts — manage beneficiaries online, fund a trust in-branch, and file claims through Bank of America's Estate Servicing Operations
Bank of America, PO Box 25118, Tampa, FL 33622-5118
Estate Servicing Operations
Bank of America, Estate Servicing Operations, PO Box 31655, Tampa, FL 33631-1655
Estate Servicing Operations (ESO)
Bank of America, Estate Servicing Operations, PO Box 31655, Tampa, FL 33631-1655
Bank of America has 16 accounts, each with different rules for what happens when the account holder dies. Of those, 14 can name a trust as beneficiary or be retitled into a trust. The right combination of beneficiary designations and trust ownership can keep the entire portfolio out of probate.
Beneficiary designations at Bank of America can be managed online, in branch, and by phone, typically taking a few minutes online. Trust funding is also available, allowing families to retitle accounts into the name of a revocable living trust.
Bank of America has documented procedures for both preparing accounts during your lifetime and handling claims when an account holder passes away.
Preparing your estate
Beneficiaries and trust funding
How to manage beneficiaries online, fund a trust in-branch, and review 16 account types at Bank of America.
View details →When someone dies
Death claim process
Contact Bank of America's Estate Servicing Operations to file a claim. 9-step process, 12 required documents, and contact information for survivors.
View details →Bank of America's Estate Servicing Operations can answer questions about beneficiaries, trusts, or death claims at 1-888-689-4466.
Sources
Data sourced from Bank of America primary sources (25 pages reviewed). How we research.
Bank of America, PO Box 25118, Tampa, FL 33622-5118
Estate Servicing Operations
Bank of America, Estate Servicing Operations, PO Box 31655, Tampa, FL 33631-1655
Estate Servicing Operations (ESO)
Bank of America, Estate Servicing Operations, PO Box 31655, Tampa, FL 33631-1655
Estate planning articles
Learn how to protect your Bank of America accounts and other assets with trusts, beneficiary designations, and estate planning documents.
