Estate planning options at First Fed Bank (Washington)
There are two ways to keep your First Fed Bank (Washington) accounts out of probate: adding beneficiary designations and structuring ownership to align with your estate plan. Which approach works best depends on the account type and your overall estate plan.
First Fed Bank (Washington) has 21 accounts with different estate transfer rules. Here is how beneficiary designations, trust ownership, and probate apply to each one.
No beneficiary form at First Fed Bank (Washington)
Beneficiary designation is not available for retirement accounts at First Fed Bank (Washington).
What First Fed Bank (Washington) says about beneficiaries
Each section is First Fed Bank (Washington)'s own statement, with the document it comes from numbered under Sources.
How many beneficiaries, and how shares are split
- Payable-on-death account
When the owner dies, a POD account is closed and the funds are split evenly among all the named POD recipients.1
Not in First Fed Bank (Washington)'s published guidance11
- What the owner provides to name a beneficiary
- A beneficiary designation form
- An online way to name a beneficiary
- Who may be named as beneficiary
- What a designation takes to be effective
- Terms in its agreements for a beneficiary designation
- A procedure for holding an account in a trust
- A trust account form
- Which trust documents it accepts
- Terms in its agreements for a trust account
- How long a change takes
Sources1
Sources
(2)·
Data sourced from First Fed Bank (Washington) primary sources (37 pages reviewed). How we research.
Download these First Fed Bank (Washington) instructions
A printable PDF with the steps, required documents, and contact details, verified against First Fed Bank (Washington) primary sources. Bring it to the branch or keep it beside the phone.
First Fed Bank (Washington) estate support
Customer Service
Phone
Touch Tone Teller (automated account information)
Lost or stolen Visa check card (after hours)
Customer Contact Center (fee schedule)
Hours
Mailing address
Website
Estate requests go through general customer service.
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