Estate planning at KeyBank

Visit a KeyBank branch with your trust agreement or Certificate of Trust, government-issued photo ID for all trustees, and the trust EIN if applicable. KeyBank will retitle your accounts to trust ownership (e.g., "John Smith, Trustee of the Smith Living Trust dated MM/DD/YYYY"). The trust document must specify the beneficiary, trustee, trust property, and verify the trustee's authority. Processing typically takes 1-2 weeks.

No. IRAs cannot be titled to a trust. However, you can name your trust as the beneficiary of your IRA through Key Investment Services. Consult a tax advisor before doing so, as there are significant tax implications when a trust is named as an IRA beneficiary.

Yes. Named beneficiaries on KeyBank accounts through POD or TOD designations take precedence over anything stated in your will. This is why it is important to keep beneficiary designations updated whenever your circumstances change, such as after marriage, divorce, or the birth of a child.

Yes. Key Private Bank, a division of KeyBank, provides fiduciary trust and estate planning services including trust administration, estate settlement, and wealth management for high-net-worth clients. Contact Key Private Bank through your local KeyBank branch or the main customer service line for more information.

KeyBank offers Traditional IRAs, Roth IRAs, Rollover IRAs, and SEP IRAs. Each is available as an FDIC-insured deposit account (CD or money market) or as an investment-based account through Key Investment Services LLC. All IRA types support beneficiary designations but cannot be titled to a trust.