How to name beneficiaries and fund a trust at First Foundation
Covers 7 deposit accounts — beneficiaries can be managed online
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The key to protecting your First Foundation accounts is making sure each one has a transfer mechanism in place—either a beneficiary designation or trust ownership. Without one, the account goes through probate, adding time, cost, and court involvement for your family.
Each of First Foundation's 7 accounts has different rules for how it transfers at death. The sections below explain the options for each.
Personal CheckingPersonal Interest CheckingSenior Interest CheckingSavings AccountOnline Savings AccountMoney Market AccountCertificate of Deposit
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Contact the institution for details.
Required Documents
- Trust name, date established, and tax ID (EIN or SSN)
Special Requirements
- At an owner's death, single-party accounts pass as part of the estate, while POD-designated accounts pass directly to the named beneficiaries outside the estate
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Estate planning articles
Learn how to protect your First Foundation accounts and other assets with trusts, beneficiary designations, and estate planning documents.
