How to name beneficiaries and fund a trust at Mascoma Bank
Covers 11 deposit, 1 hsa, 2 retirement, 6 lending, and 2 investment accounts — beneficiaries must be updated in-branch
Customer Service
Mascoma Bank, PO Box 4399, White River Junction, VT 05001
Fiduciary & Trust Services / Mascoma Wealth Management
Mascoma Bank, PO Box 4399, White River Junction, VT 05001
Customer Service (deceased account holders; handled at the branch — no separate bereavement department)
Mascoma Bank, PO Box 4399, White River Junction, VT 05001
Preparing your Mascoma Bank accounts for estate transfer involves two primary strategies: designating beneficiaries on individual accounts and, where supported, retitling accounts into a revocable living trust. Both approaches bypass probate, but they work differently depending on the account type.
Mascoma Bank has 22 product types, and the estate transfer rules differ across them. Some support Payable on Death (POD) designations, some can be retitled into a trust, and others will require probate if nothing is set up. Each is covered below.
- Full legal name
- Date of birth
- Social Security number
- Relationship to the account owner
Required Documents
- Trust name, date established, and tax ID (EIN or SSN)
Special Requirements
- There is no online beneficiary management. Mascoma's digital banking does not expose POD designations, so this is a branch task
- POD designations cover deposit accounts only (checking, savings, money market, certificates)
- IRA beneficiary designations are a separate form. Updating a deposit POD does not update an IRA beneficiary, and vice versa
- HSAs pass by beneficiary designation and cannot be titled to a trust
- All living account owners must sign the designation — a joint account cannot be changed by one owner alone
- The beneficiary does not need to be present or to sign
- For wealth management, private banking, or trust accounts, the designation is handled by Mascoma Wealth Management at 603-676-8813, not at the teller line
Sources
Data sourced from Mascoma Bank primary sources (15 pages reviewed). How we research.
Download these Mascoma Bank instructions
Download instructions for the whole estateA printable PDF with the steps, required documents, and contact details — verified against Mascoma Bank primary sources. Bring it to the branch or keep it beside the phone.
Customer Service
Mascoma Bank, PO Box 4399, White River Junction, VT 05001
Fiduciary & Trust Services / Mascoma Wealth Management
Mascoma Bank, PO Box 4399, White River Junction, VT 05001
Customer Service (deceased account holders; handled at the branch — no separate bereavement department)
Mascoma Bank, PO Box 4399, White River Junction, VT 05001
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