How to name beneficiaries and fund a trust at Bayer Heritage
Covers 8 deposit, and 3 retirement accounts — beneficiaries must be updated in-branch
Phone1-304-455-4029
Toll-Free1-800-272-6003
Mailing Address
Bayer Heritage Federal Credit Union, 17612 Energy Rd, Proctor, WV 26055
WebsiteLearn more →
Phone1-304-455-4029
Toll-Free1-800-272-6003
Mailing Address
Bayer Heritage Federal Credit Union, 17612 Energy Rd, Proctor, WV 26055
WebsiteLearn more →
Member Services
Phone1-304-455-4029
Toll-Free1-800-272-6003
Mailing Address
Bayer Heritage Federal Credit Union, 17612 Energy Rd, Proctor, WV 26055
Verified Mar 2026
Preparing your Bayer Heritage accounts for estate transfer involves two key steps: designating beneficiaries on each account and, where appropriate, retitling accounts into a trust. Because Bayer Heritage is a membership-based institution, trust retitling must maintain the membership eligibility requirement. Accounts with Payable on Death designations or trust ownership bypass probate entirely.
Bayer Heritage offers 11 accounts, each with its own transfer rules. The sections below cover how to set up beneficiaries, fund a trust, and which products support each approach.
Bayer Heritage Checking+ RewardsBayer Heritage Share Draft CheckingBayer Heritage Share SavingsBayer Heritage High Yield SavingsBayer Heritage Christmas ClubBayer Heritage Share CertificateBayer Heritage Jumbo Share CertificateBayer Heritage Coverdell Education Savings Account
1Visit any Bayer Heritage branch location
2Request the Payable on Death (POD) beneficiary designation form
3Bring government-issued photo ID
4Provide full legal names and residential addresses for each beneficiary
5Designate percentage shares if unequal distribution is desired
6All account owners must sign the form
Required Documents
- Trust name, date established, and tax ID (EIN or SSN)
Special Requirements
- Bayer Heritage supports Payable on Death (POD) designations on deposit accounts
- Beneficiaries must provide their full legal name and residential address
- Unless otherwise stated, all living beneficiaries receive equal shares upon death of the last surviving account owner
- Members may designate unequal shares by providing percentages in writing
- The credit union reserves the right to refuse some forms of beneficiary designation
- Beneficiaries have no interest in or access to the account until the death of all account owners
- West Virginia state law governs POD account designations (W. Va. Code 31A-4-33)
- IRA beneficiary designations are separate from deposit account POD designations
Phone1-304-455-4029
Toll-Free1-800-272-6003
Mailing Address
Bayer Heritage Federal Credit Union, 17612 Energy Rd, Proctor, WV 26055
WebsiteLearn more →
Phone1-304-455-4029
Toll-Free1-800-272-6003
Mailing Address
Bayer Heritage Federal Credit Union, 17612 Energy Rd, Proctor, WV 26055
WebsiteLearn more →
Member Services
Phone1-304-455-4029
Toll-Free1-800-272-6003
Mailing Address
Bayer Heritage Federal Credit Union, 17612 Energy Rd, Proctor, WV 26055
Verified Mar 2026
Estate planning documents for Bayer Heritage customers
Free documents designed to protect your Bayer Heritage accounts.