How to name beneficiaries and fund a trust at Camden National
Covers 9 deposit, 2 retirement, and 2 lending accounts — beneficiaries must be updated in-branch
Customer Assistance Center
Camden National Bank, P.O. Box 310, Camden, ME 04843
Customer Assistance Center / Camden National Wealth Management
Camden National Bank, P.O. Box 310, Camden, ME 04843
Estate planning for your Camden National accounts starts with understanding how each one transfers at death. Beneficiary designations and trust retitling both bypass probate, but the right approach depends on the account type, your tax situation, and how much control you want over distributions.
With 13 product types, Camden National offers a range of transfer options. Some accounts support Payable on Death (POD) designations, others can be retitled into a trust, and some require probate if no beneficiary is designated. The sections below break down each step.
- For deposit accounts: request POD (Payable on Death) designation with beneficiary full legal name, date of birth, Social Security number, and relationship
- For IRA accounts: complete the IRA Beneficiary Designation form with primary and contingent beneficiary sections
Required Documents
- Trust name, date established, and tax ID (EIN or SSN)
Special Requirements
- Trust beneficiary designations may require a copy of the Certification of Trust
- IRA beneficiary changes for married account holders may require spousal consent
- Under the deposit account agreement, POD beneficiary changes must be made by written direction in a form acceptable to the bank
- POD beneficiaries acquire withdrawal rights only by surviving all account owners by 90 days; beneficiaries are treated as primary unless designated contingent
Sources
Data sourced from Camden National primary sources (20 pages reviewed). How we research.
Download these Camden National instructions
Download instructions for the whole estateA printable PDF with the steps, required documents, and contact details — verified against Camden National primary sources. Bring it to the branch or keep it beside the phone.
Customer Assistance Center
Camden National Bank, P.O. Box 310, Camden, ME 04843
Customer Assistance Center / Camden National Wealth Management
Camden National Bank, P.O. Box 310, Camden, ME 04843
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