Estate planning at Gate City
How to protect 15 Gate City accounts — manage beneficiaries in-branch, fund a trust in-branch, and file death claims
Customer Service
Gate City Bank, P.O. Box 2847, Fargo, ND 58108-2847
Customer Service
Gate City Bank, P.O. Box 2847, Fargo, ND 58108-2847
Death Claims / Estate Services
Gate City Bank, P.O. Box 2847, Fargo, ND 58108-2847
Gate City offers 15 consumer accounts that interact with estate planning in distinct ways. Of those, 11 can name a trust as beneficiary or be retitled into a trust. Understanding the transfer methods available for each account type helps families keep assets out of probate and ensure they pass to the right people.
Gate City handles beneficiary designations in branch. Accounts can also be retitled into a trust to keep them out of probate entirely.
Gate City provides specific procedures for both proactive estate planning and filing claims after a death.
Preparing your estate
Beneficiaries and trust funding
How to update beneficiaries in-branch, fund a trust in-branch, and review 15 account types at Gate City.
View details →When someone dies
Death claim process
4-step process, 6 required documents, and contact information for survivors.
View details →Gate City operates in select states, so estate planning procedures may vary by location. Confirm availability in your state before initiating trust funding or account changes.
Frequently asked questions
No. Gate City Bank does not operate a dedicated internal trust department, so it cannot serve as your trustee or administer a trust on your behalf. The bank will, however, retitle deposit accounts (checking, savings, money market, CDs) into your revocable living trust at any branch. Investment services are offered separately through Gate City Investment Services (securities through LPL Financial). For ongoing trust administration, you will need an external trust company or estate planning attorney.
Visit a branch with your Certification of Trust or full trust agreement, government-issued ID for all trustees, and your trust tax identification number (EIN for irrevocable trusts; grantor SSN for revocable trusts). A banker will complete a new signature card in the trust name and an IRS Form W-9. Existing accounts are retitled or new accounts are opened under trust ownership. Trust retitling cannot be completed online, by phone, or by mail.
Sources
Data sourced from Gate City primary sources (18 pages reviewed). How we research.
Customer Service
Gate City Bank, P.O. Box 2847, Fargo, ND 58108-2847
Customer Service
Gate City Bank, P.O. Box 2847, Fargo, ND 58108-2847
Death Claims / Estate Services
Gate City Bank, P.O. Box 2847, Fargo, ND 58108-2847
Estate planning articles
Learn how to protect your Gate City accounts and other assets with trusts, beneficiary designations, and estate planning documents.
