How to name beneficiaries and fund a trust at First Horizon
Covers 8 deposit, 2 retirement, 1 investment, 1 insurance, and 2 lending accounts — beneficiaries must be updated in-branch
Customer Service
First Horizon Bank, 165 Madison Ave, Memphis, TN 38103
Trust and Estate Planning - Wealth Management
First Horizon Bank, 165 Madison Ave, Memphis, TN 38103
Estate Services (Fulfillment Operations for account verification)
First Horizon Bank, Fulfillment Operations, 3451 Prescott, Memphis, TN 38118 (for the Verification of Account for an Estate form)
Preparing your First Horizon 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 First Horizon vary across 14 accounts. Below is a breakdown of beneficiary options, trust funding, and which products support each method.
- Full legal name and Social Security number for each beneficiary
- Percentage allocations if naming multiple beneficiaries
Required Documents
- Trust name, date established, and tax ID (EIN or SSN)
Special Requirements
- Per First Horizon's Depositor Agreement, the person(s) who created a POD account may change beneficiaries and withdraw all or part of the funds at any time
- POD beneficiaries cannot withdraw until every person who created the account has died and the beneficiary is then living
- If two or more beneficiaries survive, they own the account in equal shares, without right of survivorship
- A POD beneficiary's interest is subject to any offsets or claims First Horizon could have asserted against you or your estate
- If two or more people create a POD account, they own it jointly with survivorship -- the POD beneficiaries take only after the last owner dies
- Named beneficiaries override your will
- Spousal consent may be required depending on state law
- A trust may be named as the POD beneficiary of a First Horizon deposit account
Sources
Data sourced from First Horizon primary sources (15 pages reviewed). How we research.
Download these First Horizon instructions
Download instructions for the whole estateA printable PDF with the steps, required documents, and contact details — verified against First Horizon primary sources. Bring it to the branch or keep it beside the phone.
Customer Service
First Horizon Bank, 165 Madison Ave, Memphis, TN 38103
Trust and Estate Planning - Wealth Management
First Horizon Bank, 165 Madison Ave, Memphis, TN 38103
Estate Services (Fulfillment Operations for account verification)
First Horizon Bank, Fulfillment Operations, 3451 Prescott, Memphis, TN 38118 (for the Verification of Account for an Estate form)
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