How to name beneficiaries and fund a trust at Bank of Hope
Beneficiaries are managed in branch or by phone. Trust paperwork is taken in branch, by phone or by mail
There are two ways to keep your Bank of Hope accounts out of probate: adding beneficiary designations and retitling eligible accounts into a revocable living trust. Which approach works best depends on the account type and your overall estate plan.
Bank of Hope has 21 accounts with different estate transfer rules. Here is how beneficiary designations, trust ownership, and probate apply to each one.
Beneficiary form at Bank of Hope
POD (Payable on Death) Beneficiary Designation (for payable-on-death accounts) and IRA Beneficiary Designation form (for IRAs).
- Full legal name
- Date of birth
- Social Security number
- Relationship to account holder
- Allocation percentage
Required Documents
- Beneficiary's full legal name
- Beneficiary's date of birth
- Beneficiary's Social Security number
- Allocation percentage for each beneficiary
- Beneficiary's relationship to the account holder (at a branch)
- Valid government-issued photo ID (at a branch)
- Trust documentation (when naming a trust)
- Trust name
- Date of trust
- Tax ID (EIN or SSN)
- Trustee information
- Trust name
- Date of trust
- Tax ID (EIN or SSN)
- Trustee information
Required Documents
- Certification of Trust. Also called a Trust Abstract or Affidavit of Trust
- Relevant pages of the trust agreement (if there is no Certification of Trust). The full trust agreement, or the pages that include the trust name, date, grantors and trustees
- Signature and notary pages from the trust agreement
- Amendments to the original trust agreement (if there are any)
- Government-issued photo ID (for all trustees)
- Social Security number or EIN for the trust
- Death certificate (if the original grantor or trustee is deceased)
- Certified copies of the trust documentation (by mail)
- Full legal name
- Date of birth
- Social Security number
- Relationship to account holder
- Allocation percentage
Required Documents
- Beneficiary's full legal name
- Beneficiary's date of birth
- Beneficiary's Social Security number
- Allocation percentage for each beneficiary
- Beneficiary's relationship to the account holder (at a branch)
- Valid government-issued photo ID (at a branch)
- Trust documentation (when naming a trust)
What Bank of Hope says about beneficiaries and trusts
Each section is Bank of Hope's own statement, with the document it comes from numbered under Sources.
Which accounts take a beneficiary2
- Payable-on-death account
POD beneficiary designations cannot be added or changed through online or mobile banking. They require a branch visit or a paper form provided by Bank of Hope.1
- IRA
An IRA beneficiary change may require completing and signing a paper form. The IRA Beneficiary Designation form is completed at a branch or by mail.2
Who can be named1
- A trust, payable-on-death accounts
A trust can be named as POD beneficiary. Naming one may require visiting a branch with the trust documentation.2
How many beneficiaries, and how shares are split
- All accounts
Bank of Hope asks for an allocation percentage for each beneficiary.2
Beneficiary forms Bank of Hope issues2
State requirements Bank of Hope statesHawaii
- Hawaii
For a Hawaii account opened at Territorial, the change is made through Territorial Savings or a former Territorial branch, not the mainland call center.2
Which accounts a trust can hold2
What Bank of Hope says about trust accounts1
- The trust's tax identification number
Existing personal accounts may be retitled to a trust provided the same SSN or EIN is used.2
Accounts handled elsewhere1
- Territorial Savings
Beneficiary changes on Hawaii accounts opened at Territorial2
Phone: 1-808-946-1400
Toll-free: 1-800-951-8418
Not in Bank of Hope's published guidance1
- A beneficiary form to download
Sources3
Sources
Data sourced from Bank of Hope primary sources (41 pages reviewed). How we research.
Download these Bank of Hope instructions
Download instructions for the whole estateA printable PDF with the steps, required documents, and contact details — verified against Bank of Hope primary sources. Bring it to the branch or keep it beside the phone.
Bank of Hope estate support
Customer Contact Center
Phone
Toll-free
Territorial Savings (Hawaii division) - Oahu
Territorial Savings (Hawaii division) - toll-free
Mortgage Customer Service
New Mortgage/Refinance Inquiries
Lost/Stolen ATM or Debit Card
Consumer Credit Cards
Business Credit Cards
Telebanking (24-hour automated)
Global Treasury Management / Business Online Banking
SBA Lending
Territorial Savings - debit/ATM card PIN change
Hours
Mailing address
Website
Estate requests go through general customer service.
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