How to name beneficiaries and fund a trust at Coastal Community Bank
Covers 7 deposit, 4 retirement, and 2 lending accounts — beneficiaries must be updated in-branch
Customer eXperience (CX) Team
Coastal Community Bank, P.O. Box 12220, Everett, WA 98206
Customer eXperience (CX) Team
Coastal Community Bank, P.O. Box 12220, Everett, WA 98206
Customer eXperience (CX) Team
Coastal Community Bank, P.O. Box 12220, Everett, WA 98206
Preparing your Coastal Community 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.
The transfer rules at Coastal Community Bank vary across 13 accounts. Below is a breakdown of beneficiary options, trust funding, and which products support each method.
- For deposit accounts: request POD (Payable on Death) designation with beneficiary full legal name, date of birth, Social Security number, and relationship
- For IRA accounts: complete the IRA Beneficiary Designation form with primary and contingent beneficiary sections
Required Documents
- Trust name, date established, and tax ID (EIN or SSN)
Special Requirements
- Trust beneficiary designations may require a copy of the Certification of Trust
- IRA beneficiary changes for married account holders in Washington (a community property state) may require spousal consent
Sources
Data sourced from Coastal Community Bank primary sources (18 pages reviewed). How we research.
Download these Coastal Community Bank instructions
Download instructions for the whole estateA printable PDF with the steps, required documents, and contact details — verified against Coastal Community Bank primary sources. Bring it to the branch or keep it beside the phone.
Customer eXperience (CX) Team
Coastal Community Bank, P.O. Box 12220, Everett, WA 98206
Customer eXperience (CX) Team
Coastal Community Bank, P.O. Box 12220, Everett, WA 98206
Customer eXperience (CX) Team
Coastal Community Bank, P.O. Box 12220, Everett, WA 98206
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