Estate planning at IBC Bank

IBC Bank does not currently offer online beneficiary designation. You must visit a local IBC Bank branch to add or update POD beneficiaries on deposit accounts or beneficiary designations on IRA accounts.

Visit your local IBC Bank branch with your trust agreement or Certification of Trust, government-issued photo ID, and the trust's tax identification number (EIN or SSN for revocable trusts). A banker will complete the retitling paperwork to change account ownership to the trust. Revoke any existing POD designations before retitling. IRA accounts cannot be titled to a trust, but you can name your trust as the IRA beneficiary.

IRAs cannot be titled to a trust. However, you can name your trust as the beneficiary of your IRA. Visit your local IBC Bank branch to update the beneficiary designation on your Traditional, Roth, or Educational IRA. Consult a tax advisor before naming a trust as IRA beneficiary, as there are significant tax implications for distributions to trust beneficiaries.

Yes. IBC Bank offers estate planning services through IBC Investment Services, which provides financial consulting through LPL Financial-affiliated advisors. Services include estate tax planning guidance, retirement planning, and investment management. IBC Bank also offers trust administration services with a minimum annual fee of $3,000. Contact your local branch or visit ibc.com/personal/investments/contact-us for more information.

IBC Bank operates 166 branches and 252 ATMs serving 75 communities across Texas and Oklahoma. Major markets include Houston, San Antonio, Austin, Dallas, Corpus Christi, McAllen, Brownsville, Laredo, Oklahoma City, Tulsa, and Lawton. IBC Bank is headquartered in Laredo, Texas.