Estate planning at Citizens Bank

Yes. Citizens Private Wealth offers comprehensive estate and trust planning, corporate trustee and fiduciary services, estate settlement and administration, and strategies to reduce estate taxes using gifts, trusts, and other planning tools. Services include trust income and principal accounting, bill payment, and coordination with tax professionals. Citizens Trust Company of Delaware also offers specialized trust services including dynasty trusts, directed trusts, and asset protection trusts under Delaware trust law.

Download the appropriate Certificate of Trust form (revocable or irrevocable) from citizensaccess.com. Complete the form with trust details including trust name, date, state, and tax ID. All trustees must sign the form in the presence of a U.S. notary. If your account has existing beneficiary allocations, call 1-888-201-6505 to remove them before converting. Mail the notarized form to Citizens Access, PO Box 71209, Philadelphia, PA 19176-6209. Citizens Access supports up to 2 trustees and 2 grantors per trust account.

IRA beneficiary changes require completing the IRA Beneficiary Form, which is available through a Financial Advisor at your local Citizens Bank branch. For Representative Assisted Accounts, you can also mail the completed form to Citizens Securities, Inc. JCB135 PO Box 42033 Providence, RI 02940. Contact Citizens Retirement Services at 1-800-948-7200 for questions about IRA beneficiary designations.

Citizens Trust Company of Delaware is a subsidiary of Citizens Financial Group that offers trust and fiduciary services under Delaware trust law. Based in Newark, Delaware, it provides dynasty trusts, directed trusts, and asset protection trusts for ultra-high-net-worth individuals and families. Delaware imposes no state income tax on trusts with all out-of-state beneficiaries and is known for its favorable trust jurisdiction, experienced Chancery Court, and flexible directed trust structure.