How to name beneficiaries and fund a trust at Centennial Bank
Covers 13 deposit, 3 retirement, 1 hsa, and 2 lending accounts — beneficiaries must be updated in-branch
Customer Care Center
Centennial Bank, 713 Harkrider, Conway, AR 72032
Centennial Bank Trust Department (Centennial Trust)
Centennial Bank Trust Department, 713 Harkrider, Conway, AR 72032
Customer Care Center / branch estate settlement
Centennial Bank, 713 Harkrider, Conway, AR 72032
Preparing your Centennial Bank 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.
With 19 product types, Centennial Bank 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.
- Full name, date of birth, Social Security number, relationship, and address for each beneficiary
- For IRA beneficiary changes: the IRA beneficiary designation form
- For a trust beneficiary: the Certification of Trust or trust agreement
Required Documents
- Trust name, date established, and tax ID (EIN or SSN)
Special Requirements
- Centennial Bank does not publish a downloadable POD or IRA beneficiary designation form; the branch supplies the form at the counter
- Beneficiary changes cannot be made through Online Banking or by phone -- the General Banking FAQ routes account changes to a branch
- Naming a trust as beneficiary requires a copy of the trust agreement or Certification of Trust
- Do not send beneficiary details by email: the bank's contact form warns that email is not encrypted and should not carry a Social Security number, date of birth, or account number
Sources
Data sourced from Centennial Bank primary sources (15 pages reviewed). How we research.
Download these Centennial Bank instructions
Download instructions for the whole estateA printable PDF with the steps, required documents, and contact details — verified against Centennial Bank primary sources. Bring it to the branch or keep it beside the phone.
Customer Care Center
Centennial Bank, 713 Harkrider, Conway, AR 72032
Centennial Bank Trust Department (Centennial Trust)
Centennial Bank Trust Department, 713 Harkrider, Conway, AR 72032
Customer Care Center / branch estate settlement
Centennial Bank, 713 Harkrider, Conway, AR 72032
Estate planning articles
Learn how to protect your Centennial Bank 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.
