Estate planning at Community Bank
How to protect 12 Community Bank accounts — manage beneficiaries in-branch, fund a trust in-branch, and file claims through Community Bank's Customer Care Center / Nottingham Trust
Customer Care Center
Community Bank has 12 accounts, each with different rules for what happens when the account holder dies. Of those, 12 can name a trust as beneficiary or be retitled into a trust. The right combination of beneficiary designations and trust ownership can keep the entire portfolio out of probate.
Beneficiary designations at Community Bank can be managed in branch, typically taking 15-30 minutes in branch. Trust funding is also available, allowing families to retitle accounts into the name of a revocable living trust.
Community Bank provides specific procedures for both proactive estate planning and filing claims after a death.
Preparing your estate
Beneficiaries and trust funding
How to update beneficiaries in-branch, fund a trust in-branch, and review 12 account types at Community Bank.
View details →When someone dies
Death claim process
Contact Community Bank's Customer Care Center / Nottingham Trust to file a claim. 6-step process, 5 required documents, and contact information for survivors.
View details →Community Bank's Customer Care Center / Nottingham Trust can answer questions about beneficiaries, trusts, or death claims at 1-866-764-8638.
Community Bank operates in select states, so estate planning procedures may vary by location. Confirm availability in your state before initiating trust funding or account changes.
Frequently asked questions
No. Retitling a Community Bank deposit account (checking, savings, money market, or CD) to a revocable living trust is done at a local branch. Bring your trust agreement or Certification of Trust, the trust tax identification number, and government-issued photo ID. Revoke any existing POD designation first, because a trust account is governed by the trust terms rather than a POD beneficiary. IRAs cannot be retitled to a trust -- name the trust as beneficiary instead.
Sources
Data sourced from Community Bank primary sources (13 pages reviewed). How we research.
Customer Care Center
Estate planning articles
Learn how to protect your Community Bank accounts and other assets with trusts, beneficiary designations, and estate planning documents.
