Estate planning and settlement at Bank of America
Name beneficiaries online, fund a trust in branch, and report a death at 1-888-689-4466
Bank of America has 17 accounts, each with different rules for what happens when the account holder dies. Of those, 15 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.
Bank of America lets account holders update beneficiary designations 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.
Beneficiaries and trust funding
How to manage beneficiaries online, fund a trust in-branch, and review 17 account types at Bank of America.
Preparing your estate →Death claim process
Report the death to Bank of America's Estate Servicing Operations at 1-888-689-4466. The page lists the steps and the documents to send.
When someone dies →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 (27 pages reviewed). How we research.
Bank of America customer support
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Estate planning articles
Learn how to protect your Bank of America accounts and other assets with trusts, beneficiary designations, and estate planning documents.
Forms for Planning Your Estate
Free forms for planning your estate: a will, living trust, pour-over will, both powers of attorney, living will, and TOD deed.
Last Will and Testament
Name your heirs, guardians, and final wishes. Free for every state.
Transfer on Death Deed
Transfer real property to a beneficiary upon your death without probate. Available in 34 states and the District of Columbia.
Vehicle Transfer on Death
Name a beneficiary to inherit your vehicle at death without probate. Available in 26 states and the District of Columbia.
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Compare what it costs to make a trust official across SimplyTrust, LegalZoom, Trust & Will, Rocket Lawyer, and Quicken WillMaker.
