How to name beneficiaries and fund a trust at Carter Bank & Trust
Covers 7 deposit, 2 retirement, and 2 lending accounts — beneficiaries must be updated in-branch
Customer Service
Phone833-275-2228
Email[email protected]
Mailing Address
Carter Bank & Trust, P.O. Box 1776, Martinsville, VA 24115
WebsiteLearn more→
Customer Service
Phone833-275-2228
Email[email protected]
Mailing Address
Carter Bank & Trust, P.O. Box 1776, Martinsville, VA 24115
WebsiteLearn more→
Estate Settlement
Phone833-275-2228
Email[email protected]
Mailing Address
Carter Bank & Trust, P.O. Box 1776, Martinsville, VA 24115
Verified Apr 2026
Estate planning for your Carter Bank & Trust 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.
Carter Bank & Trust offers 11 accounts, each with its own transfer rules. The sections below cover how to set up beneficiaries, fund a trust, and which products support each approach.
Lifetime Free CheckingLifetime Plus Checking50+ Interest CheckingLoyalty Advantage CheckingCarter Savings AccountMoney Market AccountCertificate of Deposit (CD)
1
Visit any Carter Bank & Trust branch with a valid government-issued photo ID
2
Request to add or update beneficiary designations on your accounts
3
Provide beneficiary information:
- 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
4
Review and sign the updated account documentation
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
Customer Service
Phone833-275-2228
Email[email protected]
Mailing Address
Carter Bank & Trust, P.O. Box 1776, Martinsville, VA 24115
WebsiteLearn more→
Customer Service
Phone833-275-2228
Email[email protected]
Mailing Address
Carter Bank & Trust, P.O. Box 1776, Martinsville, VA 24115
WebsiteLearn more→
Estate Settlement
Phone833-275-2228
Email[email protected]
Mailing Address
Carter Bank & Trust, P.O. Box 1776, Martinsville, VA 24115
Verified Apr 2026
Estate planning articles
Learn how to protect your Carter Bank & Trust accounts and other assets with trusts, beneficiary designations, and estate planning documents.
