Preparing your KEMBA accounts for estate transfer involves two key steps: designating beneficiaries on each account and, where appropriate, retitling accounts into a trust. Because KEMBA is a membership-based institution, trust retitling must maintain the membership eligibility requirement. Accounts with Payable on Death designations or trust ownership bypass probate entirely.

KEMBA offers 15 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.

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1Visit any KEMBA branch location

2Bring government-issued photo ID

3Request to add or update POD (Payable on Death) beneficiary designation

4Provide beneficiary legal name, address, date of birth, and Social Security number

5For trusts as beneficiary: provide trust name, date established, and EIN

6Specify percentage allocation if naming multiple beneficiaries

7Confirm designation with branch representative

Required Documents

Trust name, date established, and tax ID (EIN or SSN)

Special Requirements

POD designation available for all deposit accounts (checking, savings, money market, certificates)
POD designation does not apply to IRA accounts per KEMBA membership agreement; IRA beneficiary form required
When multiple POD beneficiaries survive, they own funds jointly in equal shares without rights of survivorship unless state law provides otherwise
Must provide beneficiary legal name, address, date of birth, and Social Security number
Trusts can be named as POD beneficiaries with trust name, date, and EIN
KEMBA is not obligated to notify beneficiaries of the existence of any account
Investment account beneficiaries managed through KEMBA Wealth Management (LPL Financial)