Community Bank of Mississippi
Subsidiary of Community Bancshares of Mississippi, Inc.
communitybank.netEstate planning options at Community Bank of Mississippi
Estate planning for your Community Bank of Mississippi accounts starts with understanding how each one transfers at death. Beneficiary designations bypass probate, but the right approach depends on the account type, your tax situation, and how much control you want over distributions.
Community Bank of Mississippi offers 21 accounts, each with its own transfer rules. The sections below cover how to set up beneficiaries, fund a trust, and which products support each approach.
Contact Community Bank of Mississippi directly for information about adding or updating beneficiary designations on your accounts.
Why trust accounts are not available
Community Bank of Mississippi does not currently support retitling accounts into a trust. The alternative is to name a trust as the Transfer on Death beneficiary, which provides similar probate-avoidance benefits while keeping the account in the individual's name.
CB Digital Checking
Interest-bearing checking with up to 10 ATM fee reimbursements a month during the offer period.
Community Checking
Guaranteed Checking
Tiered interest, ATM fee reimbursements and a first order of checks at no charge.
Direct Checking
Student Direct Checking
Community Savings
Make Cents Savings
Debit card purchases are rounded up and the difference is moved into this account.
Minor Savings
Christmas Club
Funds are paid out in October at the end of the 12-month cycle, and an early withdrawal is charged $10.
Money Market
Community Plus
Certificates of Deposit
Fixed terms; an early withdrawal is subject to an interest penalty based on the term length.
Community Wealth Management
Securities and advisory services are offered through LPL Financial, which the bank names as a separate entity; neither Community Bank nor Community Wealth Management is a registered broker-dealer or investment advisor.
IRA Certificates of Deposit
Sources
(2)·
Data sourced from Community Bank of Mississippi primary sources (21 pages reviewed). How we research.
Community Bank of Mississippi estate support
Customer Service
Phone
Main office (Flowood Waterpointe)
Lost or stolen debit card (press 4)
Hours
Office
Website
Estate requests go through general customer service.
Estate planning articles
Learn how to protect your Community Bank of Mississippi accounts and other assets with trusts, beneficiary designations, and estate planning documents.
Is this your situation?
Get a complete guide for your specific circumstances.
New Baby or Adoption
Your family is growing. Your protection should too. Guardian nominations, trusts for minors, beneficiary updates, and the documents new parents need in place.
Learn more
Marriage
What married couples need in place: one joint trust or two, wills, beneficiary updates, and the spousal rights your state grants you automatically.
Learn more
New Home
How to put your house in a revocable trust: the deed you record, what it does to your mortgage and property taxes, and when a TOD deed is simpler.
Learn more
Retirement
Retirement changes your financial picture. Healthcare directives, beneficiary reviews, long-term care planning, and protecting what you've built.
Learn moreForms for Planning Your Estate
Free forms for planning your estate: will, living trust, pour-over will, powers of attorney and TOD deed. Prepare each form for your state and download the PDF.
Revocable Living Trust
Create a revocable living trust to avoid probate, protect privacy, and control asset distribution.
Last Will and Testament
Name your heirs, guardians, and final wishes. Free for every state.
Codicil to a Will
Add, revoke or replace provisions of your will and republish the rest, signed as your state requires for a will.
Tools for Planning Your Estate
Free tools for planning your estate: will and trust costs, trust or TOD deed, and the signing rules. Run each tool for your state and read its answer.
How Much Does a Revocable Living Trust Cost?
Compare revocable living trust costs across providers including online services and attorneys.
How Does SimplyTrust Compare to LegalZoom, Trust & Will, and Other Services?
Compare what it costs to make a trust official across SimplyTrust, LegalZoom, Trust & Will, Rocket Lawyer, and Quicken WillMaker.
Do I Need a Revocable Trust?
Find out if a revocable trust makes sense based on your state, estate value, and family situation.
Trust or Will: Which Costs Less?
Compare the cost of probate vs a trust for your state and estate value.
How Much Is the Federal Gift Tax?
Whether a gift owes federal gift tax, how much of the annual exclusion and lifetime exemption it uses, and whether Form 709 is due.
What Does Estate Planning Actually Cost?
Compare costs across estate planning providers including online services and attorneys.
