Estate planning at Central Bank
How to protect 13 Central Bank accounts — manage beneficiaries in-branch, fund a trust in-branch, and file claims through Central Bank's Central Trust Company (trust administration, corporate trustee, estate settlement)
Customer Service
Central Trust Company (trust administration, corporate trustee, estate settlement)
720 E. Broadway, Fourth Floor, Columbia, MO 65201
Customer Service (deposit accounts, IRAs, HSA, mortgages) — trust accounts route to Central Trust Company
Central Bank offers 13 consumer accounts that interact with estate planning in distinct ways. Of those, 11 can name a trust as beneficiary or be retitled into a trust. Understanding the transfer methods available for each account type helps families keep assets out of probate and ensure they pass to the right people.
Managing beneficiaries at Central Bank is straightforward—changes can be made in branch and by phone. Trust funding is also available, allowing families to retitle accounts into the name of a revocable living trust.
There are two sides to estate planning at Central Bank: setting things up while you're alive, and the process survivors follow after a death.
Preparing your estate
Beneficiaries and trust funding
How to update beneficiaries in-branch, fund a trust in-branch, and review 13 account types at Central Bank.
View details →When someone dies
Death claim process
Contact Central Bank's Central Trust Company (trust administration, corporate trustee, estate settlement) to file a claim. 7-step process, 7 required documents, and contact information for survivors.
View details →Reach Central Bank's Central Trust Company (trust administration, corporate trustee, estate settlement) at 1-573-874-8490 for help with any of these procedures.
Because Central Bank serves a limited number of states, procedures for trust funding and beneficiary changes may differ depending on your location. Verify availability before starting.
Frequently asked questions
A fiduciary account is one opened by a person acting for someone else — a trustee under a written trust agreement, or an executor, administrator, or conservator appointed under court orders. It is how a trust-titled checking, savings, money market, or CD account is opened at Central Bank. The deposit account terms are explicit about the limits: by merely opening such an account, the bank is not acting as trustee, is not responsible for the fiduciary's actions including misuse of funds, and undertakes no obligation to monitor or enforce the terms of the trust or the letters. Professional administration of a trust — corporate trustee, agent for trustee, ongoing accounting — is a separate service from Central Trust Company.
Sources
Data sourced from Central Bank primary sources (17 pages reviewed). How we research.
Customer Service
Central Trust Company (trust administration, corporate trustee, estate settlement)
720 E. Broadway, Fourth Floor, Columbia, MO 65201
Customer Service (deposit accounts, IRAs, HSA, mortgages) — trust accounts route to Central Trust Company
Estate planning articles
Learn how to protect your Central Bank accounts and other assets with trusts, beneficiary designations, and estate planning documents.
