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
Busey Customer Care
Phone800.672.8739
Mailing Address
Busey Bank, 100 W University Ave, Champaign, IL 61820
WebsiteLearn more→
Busey Wealth Management - Trust Services & Estate Advisory
WebsiteLearn more→
Busey Customer Care
Phone800.672.8739
Mailing Address
Busey Bank, 100 W University Ave, Champaign, IL 61820
WebsiteNotify online→
Verified Apr 2026
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.
Busey lets account holders update beneficiary designations in branch and by phone, typically taking 15-30 minutes in branch. Trust funding is also available, allowing families to retitle accounts into the name of a revocable living trust.
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 to file a claim. 4-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. Deposit accounts with POD beneficiaries receive separate FDIC insurance coverage of up to $250,000 per beneficiary. Trust accounts are also FDIC insured based on the number of qualifying beneficiaries. IRA deposit accounts receive a separate $250,000 in FDIC coverage from other deposit accounts.
Yes. Deposit accounts including checking, savings, money market, and CDs can be retitled to a revocable living trust at any Busey banking center. You will need to bring a copy of your trust agreement or Certificate of Trust, government-issued photo ID for all trustees, and the trust tax identification number (EIN) if applicable. IRA accounts cannot be retitled to a trust, but a trust can be named as the IRA beneficiary.
Yes. Busey offers Traditional IRA CDs and Roth IRA CDs in the same terms as standard CDs. IRA accounts cannot be retitled to a trust, but a trust can be named as the IRA beneficiary. Traditional IRAs offer tax-deductible contributions with tax-deferred growth, with required minimum distributions beginning at age 73. Roth IRAs offer tax-free qualified distributions with no required minimum distributions during the owner's lifetime.
Pillar Banking is Busey's interest-bearing premium checking account. It has a $100 minimum deposit to open and a $15 monthly maintenance fee that is waived with a $15,000 minimum balance in the Pillar account or $15,000 combined in eligible linked accounts. A minimum balance of $3,000 is required to earn interest. Pillar Banking includes access to the Pillar Money Market account, free or discounted banking services, and a Busey Debit Mastercard. Both the checking and money market accounts can be retitled to a revocable living trust.
Sources
Data sourced from Busey primary sources (16 pages reviewed). How we research.
Busey Customer Care
Phone800.672.8739
Mailing Address
Busey Bank, 100 W University Ave, Champaign, IL 61820
WebsiteLearn more→
Busey Wealth Management - Trust Services & Estate Advisory
WebsiteLearn more→
Busey Customer Care
Phone800.672.8739
Mailing Address
Busey Bank, 100 W University Ave, Champaign, IL 61820
WebsiteNotify online→
Verified Apr 2026
Estate planning articles
Learn how to protect your Busey accounts and other assets with trusts, beneficiary designations, and estate planning documents.
