How to name beneficiaries and fund a trust at First National Bank Alaska

Deposit accounts take a POD (payable on death) designation, made on the POD Beneficiary Designation form.¹

Traditional and Roth IRA beneficiaries are named on the IRA Beneficiary Designation form, which has primary and contingent beneficiary sections.¹

The beneficiary designation form takes allocation percentages when more than one beneficiary is named.¹

An IRA beneficiary change by a married account holder may require spousal consent.¹

For payable-on-death accounts. Completed by the account owner. Sent by the institution on request.^{1, 2}

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For IRAs. Completed by the account owner. Sent by the institution on request.^{1, 2}

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The bank's Downloadable Forms page says to hand-deliver or mail forms to a local branch or the appropriate department, and that "the bank will not act on any form received electronically."²

Some forms may be completed with AdobeSign after the bank confirms your identity; ask your local branch whether the beneficiary form is one of them.²

Deposit accounts can be held by revocable and irrevocable trusts.¹

An IRA cannot be retitled to a trust.¹

Completed by the trustees. Sent by the institution on request.¹

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An existing deposit account can be retitled to a trust without closing and reopening it, provided the same SSN or EIN is used.¹