Preparing your Logix accounts for estate transfer involves two key steps: designating beneficiaries on each account and, where appropriate, retitling accounts into a trust. Because Logix 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.

With 19 product types, Logix offers a range of transfer options. Some accounts support Payable on Death (POD) designations, others can be retitled into a trust, and some require probate if no beneficiary is designated. The sections below break down each step.

Advantage CheckingPremier CheckingHigh-Rate CheckingNextGen CheckingMain SavingsHigh-Rate SavingsMoney Market SavingsRegular Share Certificate7-Month Share CertificateBump Rate CertificateFlex CertificateTeen CheckingUTMA Launch Pad Account

1Visit any of Logix's 20 Southern California branches (Los Angeles or Ventura County)

2Bring your government-issued photo ID

3Request a POD (Payable on Death) beneficiary designation form

4Provide beneficiary information: full name and date of birth (SSN not required)

5Specify number of beneficiaries (unlimited allowed; equal shares by default)

6Sign and submit the completed form

Required Documents

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

Special Requirements

POD (Totten Trust) designation available for all deposit accounts
Unlimited number of beneficiaries allowed
Beneficiaries receive equal shares by default
Dates of birth required; Social Security numbers not required
Beneficiary does not need to be present
Beneficiary does not need to be a Logix member
Online beneficiary designation is not currently available
Investment account beneficiaries must be set up through Logix Financial Services at 800-553-3707