How to name beneficiaries and fund a trust at Mountain America
Covers 15 deposit, 3 retirement, and 2 investment accounts — beneficiaries must be updated in-branch
Member Services
Mountain America Credit Union, P.O. Box 2331, Sandy, UT 84091
Member Services (deposit accounts) / Mountain America Investment Services (LPL-held investment accounts)
Mountain America Credit Union, P.O. Box 2331, Sandy, UT 84091
Member Services
Mountain America Credit Union, P.O. Box 2331, Sandy, UT 84091
Estate planning at Mountain America means getting each account set up so it transfers automatically when you die—either through a POD beneficiary or trust ownership. Because Mountain America is a membership-based institution, trust retitling must maintain the membership eligibility requirement. Without one of these in place, accounts may require probate before your family can access the funds.
Across 20 product types, Mountain America 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.
- Full name, date of birth, Social Security number, and relationship
- For a trust named as beneficiary: the trust name, the date it was established, and its EIN
Required Documents
- Trust name, date established, and tax ID (EIN or SSN)
Special Requirements
- POD designations are available on deposit accounts (checking, savings, money market, certificates); IRAs use a separate IRA beneficiary form; investment accounts are designated through LPL Financial
- Multiple POD beneficiaries hold as joint tenants WITHOUT rights of survivorship — a beneficiary who is not living when the account becomes payable takes nothing, and nothing passes to that beneficiary's heirs or successors
- A POD account is payable to the beneficiaries only on the death of the LAST account owner
- Either owner may change a designated beneficiary by written direction during their lifetime; the credit union separately reserves the right to require written consent of all owners for a change of ownership, and any ownership change requires a new Membership Application or a deletion-of-joint-ownership form
- POD designations do not apply to accounts of organizations or businesses, with one carve-out: proprietors and single-member LLCs may designate a beneficiary
- A trust may be named as POD beneficiary using the trust name, the date it was established, and its EIN
- Beneficiary designations cannot be managed through online or mobile banking
Sources
Data sourced from Mountain America primary sources (19 pages reviewed). How we research.
Download these Mountain America instructions
Download instructions for the whole estateA printable PDF with the steps, required documents, and contact details — verified against Mountain America primary sources. Bring it to the branch or keep it beside the phone.
Member Services
Mountain America Credit Union, P.O. Box 2331, Sandy, UT 84091
Member Services (deposit accounts) / Mountain America Investment Services (LPL-held investment accounts)
Mountain America Credit Union, P.O. Box 2331, Sandy, UT 84091
Member Services
Mountain America Credit Union, P.O. Box 2331, Sandy, UT 84091
Estate planning articles
Learn how to protect your Mountain America accounts and other assets with trusts, beneficiary designations, and estate planning documents.
Is this your situation?
Get a complete guide for your specific circumstances.
New Baby or Adoption
Your family is growing. Your protection should too. Guardian nominations, trusts for minors, beneficiary updates, and the documents new parents need in place.
Learn more
Marriage
What married couples need in place: one joint trust or two, wills, beneficiary updates, and the spousal rights your state grants you automatically.
Learn more
New Home
How to put your house in a revocable trust: the deed you record, what it does to your mortgage and property taxes, and when a TOD deed is simpler.
Learn more
Retirement
Retirement changes your financial picture. Healthcare directives, beneficiary reviews, long-term care planning, and protecting what you've built.
Learn moreMore estate planning resources
Explore related tools and documents to complete your estate plan.
How Much Does Probate Cost?
Estimate attorney fees, executor fees, court costs, and timeline for probating an estate in your state. See if the estate qualifies for simplified probate procedures.
Who Inherits Without a Will?
Find out who inherits your estate and how much they get if you die without a will. Based on your state's intestate succession laws.
How Much Are Estate & Inheritance Taxes?
Calculate federal estate tax, state estate tax (12 states + DC), and inheritance tax (5 states) for an estate or trust.
What Does Estate Planning Actually Cost?
See the true cost of estate planning. Compare SimplyTrust, Trust & Will, LegalZoom, and attorneys including life events like marriage, divorce, and having children.
How Much Does a Revocable Living Trust Cost?
Compare the cost of creating a revocable living trust. See how SimplyTrust, Trust & Will, LegalZoom, and attorneys compare over 5 years including life events.
How Much Does a Will Cost?
Compare the cost of creating a will. See document costs plus probate fees your heirs will pay. Compare SimplyTrust, Trust & Will, LegalZoom, and attorneys.
