How to name beneficiaries and fund a trust at Capital One
Covers 6 deposit, 4 retirement, and 1 lending accounts — beneficiaries can be managed online
Estate Operations
Capital One, Attn: Bank By Mail - Bank Estate Operations, P.O. Box 85123, Richmond, VA 23285
There are two ways to keep your Capital One 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.
Across 11 product types, Capital One accounts vary in how they transfer at death. The sections below walk through Payable on Death (POD) designations, trust funding options, and which products support each method.
Special Requirements
- Up to 10 individuals can be named as POD beneficiaries per account
- IMPORTANT: Beneficiaries must be individuals -- trusts cannot be named as POD beneficiaries on deposit accounts
- Beneficiaries must have a valid Tax ID, date of birth, and US physical address
- Beneficiaries are only recognized if officially recorded before death
- Submitting a new POD form revokes all prior beneficiary designations for the listed accounts -- list all beneficiaries including existing ones
- Upon death of all owners, funds are distributed equally among then-living beneficiaries
- Account holder authorizing changes must be at least 18 years old
Sources
Data sourced from Capital One primary sources (19 pages reviewed). How we research.
Download these Capital One instructions
Download instructions for the whole estateA printable PDF with the steps, required documents, and contact details — verified against Capital One primary sources. Bring it to the branch or keep it beside the phone.
Estate Operations
Capital One, Attn: Bank By Mail - Bank Estate Operations, P.O. Box 85123, Richmond, VA 23285
Estate planning articles
Learn how to protect your Capital One 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 moreMore estate planning resources
Explore related tools and documents to complete your estate plan.
How Much Does Probate Cost?
Estimate attorney fees, executor fees, court costs, and timeline for probating an estate in your state. See if the estate qualifies for simplified probate procedures.
Who Inherits Without a Will?
Find out who inherits your estate and how much they get if you die without a will. Based on your state's intestate succession laws.
How Much Are Estate & Inheritance Taxes?
Calculate federal estate tax, state estate tax (12 states + DC), and inheritance tax (5 states) for an estate or trust.
What Does Estate Planning Actually Cost?
See the true cost of estate planning. Compare SimplyTrust, Trust & Will, LegalZoom, and attorneys including life events like marriage, divorce, and having children.
How Much Does a Revocable Living Trust Cost?
Compare the cost of creating a revocable living trust. See how SimplyTrust, Trust & Will, LegalZoom, and attorneys compare over 5 years including life events.
How Much Does a Will Cost?
Compare the cost of creating a will. See document costs plus probate fees your heirs will pay. Compare SimplyTrust, Trust & Will, LegalZoom, and attorneys.
