How to name beneficiaries and fund a trust at CAPTRUST
Beneficiaries are managed in branch or by mail. Trust paperwork is taken in branch or by mail
Preparing your CAPTRUST investment accounts for estate transfer involves two primary strategies: designating beneficiaries on individual accounts and, where supported, retitling accounts into a revocable living trust. Both approaches bypass probate, but they work differently depending on the account type.
The transfer rules at CAPTRUST vary across 9 investment accounts. Below is a breakdown of beneficiary options, trust funding, and which products support each method.
Beneficiary form at CAPTRUST
Custodian's transfer on death (TOD) beneficiary form (for investment accounts) and Custodian's IRA beneficiary form (for IRAs).
- Full legal name, date of birth, and SSN or TIN for each beneficiary
- Relationship and allocation percentage for each primary and contingent beneficiary
- Spousal consent block, where the custodian's form carries one and your state or the account type calls for it
- Full legal name, date of birth, and SSN or TIN for each beneficiary
- Relationship and allocation percentage for each primary and contingent beneficiary
- For a trust named as beneficiary, the exact trust name, its date, and its tax ID as they appear in the trust instrument
Required Documents
- Each beneficiary's full legal name
- Each beneficiary's date of birth
- Each beneficiary's SSN or TIN
- Each beneficiary's relationship to the account holder
- Allocation percentage for each primary and contingent beneficiary
- Exact trust name, its date and its tax ID (when naming a trust). As they appear in the trust instrument
- Government-issued photo ID (at a meeting with your advisor)
- Trust agreement or Certificate of Trust
- Government-issued ID for all trustees
- The trust's EIN, if it is irrevocable
- Trust name and date established, exactly as in the instrument
- Trust tax ID (EIN for an irrevocable trust)
- Every trustee's name, date of birth, tax ID and contact details
- Copy of the trust agreement or a Certificate of Trust
- Government-issued ID copies for all trustees
Required Documents
- Trust agreement or Certificate of Trust. Either is taken: the major custodians CAPTRUST uses accept a Certificate of Trust in place of the full agreement. The custodian, not CAPTRUST, decides
- Government-issued ID (for every trustee)
- Trust tax ID. An EIN for an irrevocable trust
- Exact trust name and date of formation. As written in the trust instrument
- Each trustee's name, date of birth, tax ID and contact details
- Medallion Signature Guarantee (where the custodian requires one)
- Full legal name, date of birth, and SSN or TIN for each beneficiary
- Relationship and allocation percentage for each primary and contingent beneficiary
- Spousal consent block, where the custodian's form carries one and your state or the account type calls for it
- Full legal name, date of birth, and SSN or TIN for each beneficiary
- Relationship and allocation percentage for each primary and contingent beneficiary
- For a trust named as beneficiary, the exact trust name, its date, and its tax ID as they appear in the trust instrument
Required Documents
- Each beneficiary's full legal name
- Each beneficiary's date of birth
- Each beneficiary's SSN or TIN
- Each beneficiary's relationship to the account holder
- Allocation percentage for each primary and contingent beneficiary
- Exact trust name, its date and its tax ID (when naming a trust). As they appear in the trust instrument
- Government-issued photo ID (at a meeting with your advisor)
What CAPTRUST says about beneficiaries and trusts
Each section is CAPTRUST's own statement, with the document it comes from numbered under Sources.
Which accounts take a beneficiary1
- Employer retirement plan
Employer retirement plan beneficiary changes do not go through CAPTRUST at all. They go through the plan's record keeper.1
Who can be named1
- A trust
A trust can be named as beneficiary, using the exact trust name, its date and its tax ID as they appear in the trust instrument.2
How many beneficiaries, and how shares are split
- All accounts
Each primary and contingent beneficiary is given an allocation percentage, and each set totals 100%.1
Beneficiary forms CAPTRUST issues2
What CAPTRUST's agreement says about beneficiaries2
- A designation and a will
Named beneficiaries and TOD registrations override a will for those accounts.1
- Online access
CAPTRUST states that "no one—including you—has the ability to transact or transfer funds in any way using WealthView." The Black Diamond Client Portal is reporting-only as well.3
Trust account forms CAPTRUST issues1
- Custodian's account retitling or new-trust-account forms
Completed by the trustees, with the advisor. Sent by the institution on request.1
Accounts handled elsewhere4
- Pershing
Holds CAPTRUST client accounts as custodian and issues their beneficiary and trust retitling forms4
- Fidelity
Holds CAPTRUST client accounts as custodian and issues their beneficiary and trust retitling forms4
- Schwab
Holds CAPTRUST client accounts as custodian and issues their beneficiary and trust retitling forms4
- National Advisors Trust
Holds CAPTRUST client accounts as custodian and issues their beneficiary and trust retitling forms4
Not in CAPTRUST's published guidance2
- A beneficiary form to download
- An online way to name a beneficiary
Sources4
- 1.Locations
- 2.Contact Us
- 3.CAPTRUST on WealthView
- 4.Form ADV Part 2A Wealth Client Brochure
Sources
Data sourced from CAPTRUST primary sources (15 pages reviewed). How we research.
Download these CAPTRUST instructions
Download instructions for the whole estateA printable PDF with the steps, required documents, and contact details — verified against CAPTRUST primary sources. Bring it to the branch or keep it beside the phone.
CAPTRUST estate support
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