Estate planning options at First Security Bank (Arkansas)
Preparing your First Security Bank (Arkansas) accounts for estate transfer involves two primary strategies: designating beneficiaries on individual accounts and aligning account ownership with your broader estate plan. Both approaches bypass probate, but they work differently depending on the account type.
The transfer rules at First Security Bank (Arkansas) vary across 15 accounts. Below is a breakdown of beneficiary options, trust funding, and which products support each method.
Contact First Security Bank (Arkansas) directly for information about adding or updating beneficiary designations on your accounts.
Why trust accounts are not available
First Security Bank (Arkansas) does not currently support retitling accounts into a trust. The alternative is to name a trust as the Transfer on Death beneficiary, which provides similar probate-avoidance benefits while keeping the account in the individual's name.
Bank Better Checking
A customer who enrolls in online banking must also take eStatements, or pays a $5 duplicate statement fee each month.
Teal Checking
Interest checking with tiered rates.
50+ Gold Checking
Interest checking that includes free custom checks, cashier's checks and notary service and a safe deposit box free for the first six months.
Flex Banking
Money Market Investment
Regular Savings
Kids Club Savings
Christmas Club Savings
The balance is transferred to the originating checking account on or before October 31 each year, and each withdrawal outside that distribution costs $15.
Certificates of Deposit
Fixed rates over a variety of terms, with a penalty for early withdrawal.
Trust & Wealth Management
The department serves as trustee of living and personal trusts, as personal representative of a decedent's estate, as court-appointed guardian and as agent, and manages investments and IRAs. Its trust officers work from Searcy, central Arkansas, Jonesboro, Mountain Home and northwest Arkansas.
Individual Retirement Accounts (Traditional, Roth, SEP and Coverdell)
Fixed and variable rates. The Trust & Wealth Management department also serves as custodian of self-directed and managed IRAs.
Sources
Data sourced from First Security Bank (Arkansas) primary sources (21 pages reviewed). How we research.
First Security Bank (Arkansas) estate support
Trust & Wealth Management
President of Trust & Wealth Management, Searcy
Trust officer, Searcy
Trust officer, central Arkansas
Trust officer, Jonesboro
Trust officer, Mountain Home
Trust officer, northwest Arkansas
Website
Estate planning articles
Learn how to protect your First Security Bank (Arkansas) accounts and other assets with trusts, beneficiary designations, and estate planning documents.
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