How to name beneficiaries and fund a trust at Chevy Chase Trust
Covers 6 investment, and 3 retirement accounts — beneficiaries must be updated in-branch
Chevy Chase Trust Client Services
7501 Wisconsin Avenue, Suite 1500W, Bethesda, MD 20814
Planning & Fiduciary Services
7501 Wisconsin Avenue, Suite 1500W, Bethesda, MD 20814
Estate Settlement (via Advisor)
7501 Wisconsin Avenue, Suite 1500W, Bethesda, MD 20814
There are two ways to keep your Chevy Chase Trust investment 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.
Chevy Chase Trust has 9 investment accounts with different estate transfer rules. Here is how beneficiary designations, trust ownership, and probate apply to each one.
- Full legal name, date of birth, SSN, relationship, and allocation percentages
- For trusts as beneficiary: provide trust name, date established, and tax ID number
Required Documents
- Trust name, date established, and tax ID (EIN or SSN)
Special Requirements
- Advisor-mediated process -- clients work directly with their Chevy Chase Trust advisor or Senior Trust Officer
- Per the firm FAQ, once a change request is verified with your Senior Trust Officer it is processed within two business days
- Named beneficiaries override your will
- Spousal consent may be required for retirement account beneficiary changes
- Estate planning team can coordinate beneficiary designations with overall estate plan
Sources
Data sourced from Chevy Chase Trust primary sources (12 pages reviewed). How we research.
Download these Chevy Chase Trust instructions
Download instructions for the whole estateA printable PDF with the steps, required documents, and contact details — verified against Chevy Chase Trust primary sources. Bring it to the branch or keep it beside the phone.
Chevy Chase Trust Client Services
7501 Wisconsin Avenue, Suite 1500W, Bethesda, MD 20814
Planning & Fiduciary Services
7501 Wisconsin Avenue, Suite 1500W, Bethesda, MD 20814
Estate Settlement (via Advisor)
7501 Wisconsin Avenue, Suite 1500W, Bethesda, MD 20814
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