How to name beneficiaries and fund a trust at Golden 1
Covers 14 deposit, and 5 retirement accounts — beneficiaries must be updated in-branch
Member Service Contact Center
Golden 1 Credit Union, P.O. Box 15966, Sacramento, CA 95852
Deposit Account Servicing - Member Beneficiary Support
Golden 1 Credit Union, Deposit Account Servicing, P.O. Box 15966, Sacramento, CA 95852, Attn: Member Beneficiary Support
Deposit Account Servicing - Member Beneficiary Support
Golden 1 Credit Union, Deposit Account Servicing, P.O. Box 15966, Sacramento, CA 95852, Attn: Member Beneficiary Support
The goal with your Golden 1 accounts is to make sure every account has a transfer mechanism in place—either a POD beneficiary designation or trust ownership. Because Golden 1 is a membership-based institution, trust retitling must maintain the membership eligibility requirement. Accounts without either one will require probate, which means court involvement and delays for your family.
Golden 1 has 19 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.
- Valid government-issued photo ID for all account owners
- Beneficiary Designation Form (pre-filled or request one at the branch)
Required Documents
- Trust name, date established, and tax ID (EIN or SSN)
Special Requirements
- POD (Payable on Death) designations available for all deposit accounts.
- IRA accounts have separate beneficiary designations on the IRA application.
- Trusts can be named as POD beneficiaries on deposit accounts.
- All account owners must sign the Beneficiary Designation Form.
- Valid government-issued photo ID required for all account owners.
- Completing the form cancels and revokes all previous beneficiary designations for the account.
- If multiple beneficiaries are named, they share equally unless different percentages are specified (must total 100%).
- Cannot update beneficiaries through online or mobile banking.
Sources
Data sourced from Golden 1 primary sources (22 pages reviewed). How we research.
Download these Golden 1 instructions
Download instructions for the whole estateA printable PDF with the steps, required documents, and contact details — verified against Golden 1 primary sources. Bring it to the branch or keep it beside the phone.
Member Service Contact Center
Golden 1 Credit Union, P.O. Box 15966, Sacramento, CA 95852
Deposit Account Servicing - Member Beneficiary Support
Golden 1 Credit Union, Deposit Account Servicing, P.O. Box 15966, Sacramento, CA 95852, Attn: Member Beneficiary Support
Deposit Account Servicing - Member Beneficiary Support
Golden 1 Credit Union, Deposit Account Servicing, P.O. Box 15966, Sacramento, CA 95852, Attn: Member Beneficiary Support
Estate planning articles
Learn how to protect your Golden 1 accounts and other assets with trusts, beneficiary designations, and estate planning documents.
Is this your situation?
Get a complete guide for your specific circumstances.
New Baby or Adoption
Your family is growing. Your protection should too. Guardian nominations, trusts for minors, beneficiary updates, and the documents new parents need in place.
Learn more
Marriage
What married couples need in place: one joint trust or two, wills, beneficiary updates, and the spousal rights your state grants you automatically.
Learn more
New Home
How to put your house in a revocable trust: the deed you record, what it does to your mortgage and property taxes, and when a TOD deed is simpler.
Learn more
Retirement
Retirement changes your financial picture. Healthcare directives, beneficiary reviews, long-term care planning, and protecting what you've built.
Learn moreMore estate planning resources
Explore related tools and documents to complete your estate plan.
How Much Does Probate Cost?
Estimate attorney fees, executor fees, court costs, and timeline for probating an estate in your state. See if the estate qualifies for simplified probate procedures.
Who Inherits Without a Will?
Find out who inherits your estate and how much they get if you die without a will. Based on your state's intestate succession laws.
How Much Are Estate & Inheritance Taxes?
Calculate federal estate tax, state estate tax (12 states + DC), and inheritance tax (5 states) for an estate or trust.
What Does Estate Planning Actually Cost?
See the true cost of estate planning. Compare SimplyTrust, Trust & Will, LegalZoom, and attorneys including life events like marriage, divorce, and having children.
How Much Does a Revocable Living Trust Cost?
Compare the cost of creating a revocable living trust. See how SimplyTrust, Trust & Will, LegalZoom, and attorneys compare over 5 years including life events.
How Much Does a Will Cost?
Compare the cost of creating a will. See document costs plus probate fees your heirs will pay. Compare SimplyTrust, Trust & Will, LegalZoom, and attorneys.
