How to name beneficiaries and fund a trust at Midland States
Covers 8 deposit, 1 hsa, 2 retirement, 6 lending, and 2 investment accounts — beneficiaries must be updated in-branch
Customer Care Center
Midland States Bank, Customer Care Center, 1201 Network Centre Drive, Effingham, IL 62401
Midland Trust Company (trust and estate administration)
Midland Trust Company, 225 West Washington Street, Suite 1640, Chicago, IL 60606
Customer Care Center (deposit accounts) / Midland Trust Company (trust and estate accounts)
Midland States Bank, Customer Care Center, 1201 Network Centre Drive, Effingham, IL 62401
Preparing your Midland States 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.
Across 19 product types, Midland States accounts vary in how they transfer at death. The sections below walk through Payable on Death (POD) designations, trust funding options, and which products support each method.
- Checking, savings, money market, and CD accounts: a POD (Payable on Death) designation, handled by the branch or the Customer Care Center
- Traditional and Roth IRAs: an IRA beneficiary designation, handled through Midland Wealth Advisors or Raymond James, not the teller line
- The Health Savings Account: designated inside the Lively HSA platform at midlandsb.livelyme.com, which is a different login from Midland personal online banking
- 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
- Midland publishes no downloadable POD or beneficiary form — the form is issued at a branch or by the Customer Care Center
- There is no online self-service beneficiary screen in Midland personal online banking; the online channel that exists is a secure message ("Secure Forms" menu) to request the form
- A POD designation on a deposit account does NOT carry over to an IRA, a managed account, or the HSA — each has its own designation
- The HSA is on the Lively platform and its beneficiary is designated there, not at the branch
- All account owners must sign a designation form on a joint account
Sources
Data sourced from Midland States primary sources (18 pages reviewed). How we research.
Download these Midland States instructions
Download instructions for the whole estateA printable PDF with the steps, required documents, and contact details — verified against Midland States primary sources. Bring it to the branch or keep it beside the phone.
Customer Care Center
Midland States Bank, Customer Care Center, 1201 Network Centre Drive, Effingham, IL 62401
Midland Trust Company (trust and estate administration)
Midland Trust Company, 225 West Washington Street, Suite 1640, Chicago, IL 60606
Customer Care Center (deposit accounts) / Midland Trust Company (trust and estate accounts)
Midland States Bank, Customer Care Center, 1201 Network Centre Drive, Effingham, IL 62401
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