Estate planning and settlement at Independent Bank
Name beneficiaries in branch, fund a trust in branch, and report a death at 1-800-355-0641
Independent Bank has 13 accounts, each with different rules for what happens when the account holder dies. Of those, 9 can name a trust as beneficiary or be retitled into a trust. The right combination of beneficiary designations and trust ownership can keep the entire portfolio out of probate.
Beneficiary designations at Independent Bank can be managed in branch, by phone, and by mail, typically taking 15-30 minutes in branch. Trust funding is also available, allowing families to retitle accounts into the name of a revocable living trust.
There are two sides to estate planning at Independent Bank: setting things up while you're alive, and the process survivors follow after a death.
Beneficiaries and trust funding
How to update beneficiaries in-branch, fund a trust in-branch, and review 13 account types at Independent Bank.
Preparing your estate →Death claim process
Report the death to Independent Bank's Customer Connection Hub at 1-800-355-0641. The page lists the steps and the documents to send.
When someone dies →Reach Independent Bank's IB Wealth Management at 1-800-300-0459 for help with any of these procedures. Email inquiries can be sent to ibwealth@ibcp.com.
Independent Bank is not available nationwide. Estate planning procedures may vary by state, so confirm that your location is served before making account changes.
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Data sourced from Independent Bank primary sources (15 pages reviewed). How we research.
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