Estate planning options at Bank of New Hampshire
There are two ways to keep your Bank of New Hampshire 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.
Each of Bank of New Hampshire's 14 accounts has different rules for how it transfers at death. The sections below explain the options for each.
No beneficiary form at Bank of New Hampshire
Beneficiary designation is not available for investment accounts at Bank of New Hampshire.
What Bank of New Hampshire says about beneficiaries and trusts
Each section is Bank of New Hampshire's own statement, with the document it comes from numbered under Sources.
Which accounts take a beneficiary1
- Payable-on-death account
A pay-on-death beneficiary is paid only after everyone who opened the account has died, and only if the beneficiary is then alive.1
How many beneficiaries, and how shares are split
- Payable-on-death account
Pay-on-death beneficiaries who outlive everyone who opened the account share it equally, and a share does not pass to the other beneficiaries.1
What Bank of New Hampshire's agreement says about beneficiaries3
- What the owner keeps while living
The person who opens a pay-on-death account can change its beneficiaries or its type, and take out any of the money, whenever they choose.1
- Joint accounts
Two or more people who open a pay-on-death account together hold it jointly with survivorship during their lives.1
- Powers of attorney over a living owner's account
An authorized signer on an individual account can take money out for the owner but cannot alter what any beneficiary receives.1
Which accounts a trust can hold1
What Bank of New Hampshire says about trust accounts1
- Review of the trust document
Opening an account for a trust does not make Bank of New Hampshire a trustee, and it does not police how the trust's terms are carried out.1
Accounts handled elsewhere1
- Bank of New Hampshire Wealth Management
Designing and implementing revocable, family, charitable and special needs trusts, and corporate trustee services6
Phone: 1-603-527-3371
Not in Bank of New Hampshire's published guidance7
- What the owner provides to name a beneficiary
- A beneficiary designation form
- An online way to name a beneficiary
- Which trust documents it accepts
- A procedure for holding an account in a trust
- Terms in its agreements for a beneficiary designation, for retirement accounts
- Terms in its agreements for a beneficiary designation, for health savings accounts
Sources
Data sourced from Bank of New Hampshire primary sources (29 pages reviewed). How we research.
Download these Bank of New Hampshire instructions
A printable PDF with the steps, required documents, and contact details, verified against Bank of New Hampshire primary sources. Bring it to the branch or keep it beside the phone.
Bank of New Hampshire estate support
Wealth Management
Estate planning articles
Learn how to protect your Bank of New Hampshire accounts and other assets with trusts, beneficiary designations, and estate planning documents.
Is this your situation?
Get a complete guide for your specific circumstances.
New Baby or Adoption
Your family is growing. Your protection should too. Guardian nominations, trusts for minors, beneficiary updates, and the documents new parents need in place.
Learn more
Marriage
What married couples need in place: one joint trust or two, wills, beneficiary updates, and the spousal rights your state grants you automatically.
Learn more
New Home
How to put your house in a revocable trust: the deed you record, what it does to your mortgage and property taxes, and when a TOD deed is simpler.
Learn more
Retirement
Retirement changes your financial picture. Healthcare directives, beneficiary reviews, long-term care planning, and protecting what you've built.
Learn moreForms 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.
Revocable Living Trust
Create a revocable living trust to avoid probate, protect privacy, and control asset distribution.
Last Will and Testament
Name your heirs, guardians, and final wishes. Free for every state.
Codicil to a Will
Add, revoke or replace provisions of your will and republish the rest, signed as your state requires for a will.
Tools for Planning Your Estate
Free tools for planning your estate: what a will or trust costs, whether you need a trust or TOD deed, and how documents are signed.
How Much Does a Revocable Living Trust Cost?
Compare revocable living trust costs across providers including online services and attorneys.
How Does SimplyTrust Compare to LegalZoom, Trust & Will, and Other Services?
Compare what it costs to make a trust official across SimplyTrust, LegalZoom, Trust & Will, Rocket Lawyer, and Quicken WillMaker.
Do I Need a Revocable Trust?
Find out if a revocable trust makes sense based on your state, estate value, and family situation.
Trust or Will: Which Costs Less?
Compare the cost of probate vs a trust for your state and estate value.
How Much Is the Federal Gift Tax?
Whether a gift owes federal gift tax, how much of the annual exclusion and lifetime exemption it uses, and whether Form 709 is due.
What Does Estate Planning Actually Cost?
Compare costs across estate planning providers including online services and attorneys.
