How to name beneficiaries and fund a trust at Georgia's Own
Covers 11 deposit, and 5 retirement accounts — beneficiaries must be updated in-branch
100 Peachtree St., Suite 2800, Atlanta, GA 30303
100 Peachtree St., Suite 2800, Atlanta, GA 30303
Deceased Accounts
Georgia's Own Credit Union, 100 Peachtree Street NW, Suite 2800, Atlanta, GA 30303, Attn: Deceased Accounts
Estate planning at Georgia's Own means getting each account set up so it transfers automatically when you die—either through a POD beneficiary or trust ownership. Because Georgia's Own is a membership-based institution, trust retitling must maintain the membership eligibility requirement. Without one of these in place, accounts may require probate before your family can access the funds.
Georgia's Own offers 16 accounts, each with its own transfer rules. The sections below cover how to set up beneficiaries, fund a trust, and which products support each approach.
- POD beneficiary form for deposit accounts
- IRA beneficiary form for IRA accounts
- Full legal name
- Social Security number
- Date of birth
- Relationship to account owner
Required Documents
- Trust name, date established, and tax ID (EIN or SSN)
Special Requirements
- Per Georgia's Own Membership Agreement, POD and trust beneficiary designations do not apply to Individual Retirement Accounts (IRAs); IRA accounts use a separate beneficiary designation process
- When an account owner dies, account interest passes to surviving POD beneficiaries subject to applicable Georgia law
- IRA beneficiary designations supersede instructions in a will or trust
- If a legal trust is the named beneficiary, this designation supersedes any individually named beneficiaries and payment is made in full to the legal trust
- In Georgia, corporations (including charitable nonprofit corporations) cannot be named as POD beneficiaries on a bank or credit union account
- Changes to beneficiary designations must be submitted in writing
Sources
Data sourced from Georgia's Own primary sources (25 pages reviewed). How we research.
Download these Georgia's Own instructions
Download instructions for the whole estateA printable PDF with the steps, required documents, and contact details — verified against Georgia's Own primary sources. Bring it to the branch or keep it beside the phone.
100 Peachtree St., Suite 2800, Atlanta, GA 30303
100 Peachtree St., Suite 2800, Atlanta, GA 30303
Deceased Accounts
Georgia's Own Credit Union, 100 Peachtree Street NW, Suite 2800, Atlanta, GA 30303, Attn: Deceased Accounts
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