Estate planning at Live Oak Bank
How to protect 10 Live Oak Bank accounts — manage beneficiaries online, fund a trust online, and file death claims
Customer Success
Live Oak Bank, 1757 Tiburon Drive, Wilmington, NC 28403
Customer Success
Live Oak Bank, 1757 Tiburon Drive, Wilmington, NC 28403
Customer Success (Death Claims)
Live Oak Bank, 1757 Tiburon Drive, Wilmington, NC 28403
Live Oak Bank has 10 accounts, each with different rules for what happens when the account holder dies. Of those, 10 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.
Live Oak Bank handles beneficiary designations online and by phone. Accounts can also be retitled into a trust to keep them out of probate entirely.
Live Oak Bank provides specific procedures for both proactive estate planning and filing claims after a death.
Preparing your estate
Beneficiaries and trust funding
How to manage beneficiaries online, fund a trust online, and review 10 account types at Live Oak Bank.
View details →When someone dies
Death claim process
5-step process, 5 required documents, and contact information for survivors.
View details →Frequently asked questions
When you name a revocable living trust as POD beneficiary at Live Oak Bank, FDIC coverage is determined by the number of unique beneficiaries of the trust, up to $250,000 per unique trust beneficiary per depositor (up to five beneficiaries). If your trust names two beneficiaries, the account may be insured up to $500,000. Because Live Oak Bank personal accounts have a $250,000 deposit maximum, this distinction is primarily relevant to customers with funds at or near that limit. Confirm current FDIC rules for revocable trust accounts at fdic.gov.
Sources
Data sourced from Live Oak Bank primary sources (11 pages reviewed). How we research.
Customer Success
Live Oak Bank, 1757 Tiburon Drive, Wilmington, NC 28403
Customer Success
Live Oak Bank, 1757 Tiburon Drive, Wilmington, NC 28403
Customer Success (Death Claims)
Live Oak Bank, 1757 Tiburon Drive, Wilmington, NC 28403
Estate planning articles
Learn how to protect your Live Oak Bank accounts and other assets with trusts, beneficiary designations, and estate planning documents.
