Estate planning at Merchants Bank of Indiana
How to protect 8 Merchants Bank of Indiana accounts — manage beneficiaries in-branch, fund a trust in-branch, and file claims through Merchants Bank of Indiana's Contact Center (no dedicated estate department; beneficiary and trust requests are handled here or at a banking center)
Merchants Bank Contact Center
Merchants Bank of Indiana, 410 Monon Blvd, Carmel, IN 46032
Contact Center (no dedicated estate department; beneficiary and trust requests are handled here or at a banking center)
Merchants Bank of Indiana, 410 Monon Blvd, Carmel, IN 46032
Contact Center (death notifications and account claims; no bereavement line and no claims portal)
Merchants Bank of Indiana, 410 Monon Blvd, Carmel, IN 46032
How your Merchants Bank of Indiana accounts transfer at death depends on how each one is titled and whether a beneficiary is on file. Of those, 4 can name a trust as beneficiary or be retitled into a trust. Getting these details right keeps assets out of probate and ensures they reach the intended recipients.
Managing beneficiaries at Merchants Bank of Indiana is straightforward—changes can be made in branch and by phone, typically taking 15-30 minutes at a banking center. Trust funding is also available, allowing families to retitle accounts into the name of a revocable living trust.
There are two sides to estate planning at Merchants Bank of Indiana: setting things up while you're alive, and the process survivors follow after a death.
Preparing your estate
Beneficiaries and trust funding
How to update beneficiaries in-branch, fund a trust in-branch, and review 8 account types at Merchants Bank of Indiana.
View details →When someone dies
Death claim process
Contact Merchants Bank of Indiana's Contact Center (no dedicated estate department; beneficiary and trust requests are handled here or at a banking center) to file a claim. 8-step process, 6 required documents, and contact information for survivors.
View details →Merchants Bank of Indiana's Contact Center (no dedicated estate department; beneficiary and trust requests are handled here or at a banking center) can answer questions about beneficiaries, trusts, or death claims at (844) 222-6562.
Merchants Bank of Indiana operates in select states, so estate planning procedures may vary by location. Confirm availability in your state before initiating trust funding or account changes.
Frequently asked questions
Merchants has no trust department — retitling is handled as an ordinary account transaction at a banking center or through the contact center at (844) 222-6562. You do not have to hand over the trust instrument. Ind. Code 30-4-4-5 lets a trustee furnish a Certification of Trust instead, and it lists what the certification must contain: that the trust exists and the date it was executed, the settlor, the acting trustee and their address, the trustee's powers, whether the trust is revocable and who can revoke it, the authority of cotrustees, and the manner of taking title. The bank may ask for excerpts designating the trustee and conferring the power to act, and it is protected when it relies on the certification in good faith. Subsection (h) has teeth in the other direction: a person who demands the trust instrument in addition to a certification is liable for damages if a court determines the demand was not made in good faith. Bring photo ID for each trustee and the trust's tax identification number (your Social Security number, for a revocable trust while you are alive). Remove any POD designation before retitling, and ask about the early withdrawal penalty before moving a CD.
Sources
Data sourced from Merchants Bank of Indiana primary sources (18 pages reviewed). How we research.
Merchants Bank Contact Center
Merchants Bank of Indiana, 410 Monon Blvd, Carmel, IN 46032
Contact Center (no dedicated estate department; beneficiary and trust requests are handled here or at a banking center)
Merchants Bank of Indiana, 410 Monon Blvd, Carmel, IN 46032
Contact Center (death notifications and account claims; no bereavement line and no claims portal)
Merchants Bank of Indiana, 410 Monon Blvd, Carmel, IN 46032
Estate planning articles
Learn how to protect your Merchants Bank of Indiana accounts and other assets with trusts, beneficiary designations, and estate planning documents.
