How to name beneficiaries and fund a trust at First Western Trust
Covers 5 deposit, 2 investment, 2 retirement, and 2 lending accounts — beneficiaries must be updated in-branch
First Western Trust Bank Client Services
First Western Trust Bank, 1900 16th St. Mall, Suite 1200, Denver, CO 80202
Trust and Estate Services
First Western Trust Bank, 1900 16th St. Mall, Suite 1200, Denver, CO 80202
Trust and Estate Services
First Western Trust Bank, 1900 16th St. Mall, Suite 1200, Denver, CO 80202
The key to protecting your First Western Trust 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.
First Western Trust has 11 product types, and the estate transfer rules differ across them. Some support Payable on Death (POD) designations, some can be retitled into a trust, and others will require probate if nothing is set up. Each is covered below.
- Each beneficiary's full legal name, date of birth, and SSN/TIN
- Designation as primary or contingent beneficiary
- Percentage allocations for multiple beneficiaries
Required Documents
- Trust name, date established, and tax ID (EIN or SSN)
Special Requirements
- Relationship manager typically coordinates beneficiary updates as part of ongoing wealth planning
- IRA beneficiary designations require separate paperwork from deposit account POD designations
- Spousal consent may be required for certain retirement account beneficiary changes
- Trust beneficiary designations may require a copy of the trust agreement or Certificate of Trust
Sources
Data sourced from First Western Trust primary sources (18 pages reviewed). How we research.
Download these First Western Trust instructions
Download instructions for the whole estateA printable PDF with the steps, required documents, and contact details — verified against First Western Trust primary sources. Bring it to the branch or keep it beside the phone.
First Western Trust Bank Client Services
First Western Trust Bank, 1900 16th St. Mall, Suite 1200, Denver, CO 80202
Trust and Estate Services
First Western Trust Bank, 1900 16th St. Mall, Suite 1200, Denver, CO 80202
Trust and Estate Services
First Western Trust Bank, 1900 16th St. Mall, Suite 1200, Denver, CO 80202
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