How to name beneficiaries and fund a trust at Citi Wealth

A taxable CPWM or Citi Self Invest account can carry a Transfer on Death designation.¹

A Traditional or Roth IRA carries an IRA beneficiary designation, held on the IRA agreement and separate from any TOD designation on a taxable brokerage account.¹

A trust-owned account and a TOD designation are alternatives, not a pair: once the account is titled to a trust, the trust governs it.¹

A trust may be named as IRA beneficiary.¹

Each beneficiary is given a share percentage, and contingent beneficiaries can be named.¹

Completed by the account owner. Sent by the institution on request.¹

Citi's beneficiary guidance states the beneficiary named on the specific asset typically takes precedence over the one named in a will; assets with a beneficiary designation "will pass directly to the named beneficiaries," outside probate.²

Citi Self Invest, Citi Wealth Builder, Wealth Builder Plus and the advisor-led CPWM account can all be re-registered into the name of a trust.¹

An IRA cannot be retitled to a trust and stays titled in the owner's name.¹

Completed by the trustee. Sent by the institution on request.¹

Citi's CPWM fee schedule carries a $30 Legal Transfer Fee "charged for Legal Transfer or Restricted Legal Transfer" and a $60 Accommodation Transfer Fee for registration and shipping of certificates, the line items a re-registration into a trust can touch.³

Carries CPWM accounts as the clearing firm of Citigroup Global Markets Inc.¹

Trust bank accounts: checking, savings or CDs titled to a trust⁴