Estate planning at Busey
How to protect 23 Busey accounts — manage beneficiaries in-branch, fund a trust in-branch, and file claims through Busey's Busey Wealth Management - Trust Services & Estate Advisory (contact via web form; no direct phone line published)
Busey Customer Care
Busey Bank, 100 W University Ave, Champaign, IL 61820
Busey Wealth Management - Trust Services & Estate Advisory (contact via web form; no direct phone line published)
Busey Customer Care
Busey Bank, 100 W University Ave, Champaign, IL 61820
How your Busey accounts transfer at death depends on how each one is titled and whether a beneficiary is on file. Of those, 16 can name a trust as beneficiary or be retitled into a trust. Getting these details right keeps assets out of probate and ensures they reach the intended recipients.
At Busey, beneficiary designations are managed in branch and by phone. Accounts can also be retitled into a trust to keep them out of probate entirely.
Busey provides specific procedures for both proactive estate planning and filing claims after a death.
Preparing your estate
Beneficiaries and trust funding
How to update beneficiaries in-branch, fund a trust in-branch, and review 23 account types at Busey.
View details →When someone dies
Death claim process
Contact Busey's Busey Wealth Management - Trust Services & Estate Advisory (contact via web form; no direct phone line published) to file a claim. 8-step process, 5 required documents, and contact information for survivors.
View details →Busey is not available nationwide. Estate planning procedures may vary by state, so confirm that your location is served before making account changes.
Frequently asked questions
Yes. Busey Wealth Management offers corporate executor and corporate trustee services through its Trust Services & Estate Advisory group. Busey can serve as trustee, co-trustee, or executor under a will or trust agreement, providing estate administration, investment management, tax reviews, and distribution to beneficiaries. This is distinct from standard consumer banking and is arranged through Busey Wealth Management at https://www.busey.com/wealth-management/trust-services-estate-advisory or by contacting Customer Care at 800.672.8739 for routing.
Deposit accounts including checking, savings, money market, and CDs must be retitled in person at a Busey banking center; Busey does not retitle accounts online. Bring a copy of your trust agreement or a Certificate of Trust, government-issued photo ID for all trustees, and the trust's EIN if applicable. A banker will complete the retitling paperwork and may refer complex trusts to Busey Wealth Management for ongoing administration. IRA accounts cannot be retitled to a trust, but a trust can be named as IRA beneficiary on separate IRA beneficiary paperwork.
Sources
Data sourced from Busey primary sources (15 pages reviewed). How we research.
Busey Customer Care
Busey Bank, 100 W University Ave, Champaign, IL 61820
Busey Wealth Management - Trust Services & Estate Advisory (contact via web form; no direct phone line published)
Busey Customer Care
Busey Bank, 100 W University Ave, Champaign, IL 61820
Estate planning articles
Learn how to protect your Busey accounts and other assets with trusts, beneficiary designations, and estate planning documents.
