Estate planning options at Johnson Bank
Estate planning for your Johnson Bank accounts starts with understanding how each one transfers at death. Beneficiary designations and trust retitling both bypass probate, but the right approach depends on the account type, your tax situation, and how much control you want over distributions.
Johnson Bank offers 14 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.
No beneficiary form at Johnson Bank
Beneficiary designation is not available for retirement accounts at Johnson Bank.
What Johnson Bank says about beneficiaries and trusts
Each section is Johnson Bank's own statement, with the document it comes from numbered under Sources.
Which accounts take a beneficiary1
- Health savings account
If the beneficiary is the owner's spouse, the account becomes the spouse's HSA. If the beneficiary is someone else, the account stops being an HSA on the date of death.1
What Johnson Bank's agreement says about beneficiaries3
- No beneficiary survives
If no beneficiary is named on the HSA, the funds go to the owner's estate.1
- Joint accounts
A joint account is payable to any owner or any survivor, and a surviving joint owner does not have to survive by any set period. In Wisconsin, a marital account is half the survivor's and half the estate's or the deceased spouse's designated beneficiaries'.2
- Powers of attorney over a living owner's account
An agent or attorney-in-fact is named on a form the bank approves, and the bank may refuse a power of attorney. The bank may ask for an affidavit that the power has not been revoked.2
What Johnson Bank says about trust accounts1
- Whether a new account is opened
Accounts held in the capacity of a qualifying trust count as consumer checking for the Relationship Money Market.3
Accounts handled elsewhere1
- Johnson Financial Group Trustee and Estate Administration Services
Serving as sole trustee, co-trustee or successor trustee, trust administration and estate administration4
Phone: 1-800-203-8766
Not in Johnson Bank's published guidance11
- What the owner provides to name a beneficiary
- A beneficiary designation form
- An online way to name a beneficiary
- Who may be named as beneficiary
- How shares are split among beneficiaries
- What a designation takes to be effective
- A pay-on-death beneficiary on a deposit account, for deposit accounts
- A procedure for holding an account in a trust
- Which trust documents it accepts
- A trust account form
- How long a change takes
Sources4
Sources
(3)·
Data sourced from Johnson Bank primary sources (29 pages reviewed). How we research.
Download these Johnson Bank instructions
A printable PDF with the steps, required documents, and contact details, verified against Johnson Bank primary sources. Bring it to the branch or keep it beside the phone.
Johnson Bank estate support
Trustee and Estate Administration Services
Phone
Website
Estate planning articles
Learn how to protect your Johnson Bank 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 moreForms for Planning Your Estate
Free forms for planning your estate: will, living trust, pour-over will, powers of attorney and TOD deed. Prepare each form for your state and download the PDF.
Revocable Living Trust
Create a revocable living trust to avoid probate, protect privacy, and control asset distribution.
Last Will and Testament
Name your heirs, guardians, and final wishes. Free for every state.
Codicil to a Will
Add, revoke or replace provisions of your will and republish the rest, signed as your state requires for a will.
Tools for Planning Your Estate
Free tools for planning your estate: will and trust costs, trust or TOD deed, and the signing rules. Run each tool for your state and read its answer.
How Much Does a Revocable Living Trust Cost?
Compare revocable living trust costs across providers including online services and attorneys.
How Does SimplyTrust Compare to LegalZoom, Trust & Will, and Other Services?
Compare what it costs to make a trust official across SimplyTrust, LegalZoom, Trust & Will, Rocket Lawyer, and Quicken WillMaker.
Do I Need a Revocable Trust?
Find out if a revocable trust makes sense based on your state, estate value, and family situation.
Trust or Will: Which Costs Less?
Compare the cost of probate vs a trust for your state and estate value.
How Much Is the Federal Gift Tax?
Whether a gift owes federal gift tax, how much of the annual exclusion and lifetime exemption it uses, and whether Form 709 is due.
What Does Estate Planning Actually Cost?
Compare costs across estate planning providers including online services and attorneys.
