How to name beneficiaries and fund a trust at Mountain Heritage FCU
Beneficiaries are managed in branch, by phone or by mail. Trust paperwork is taken in branch or by phone
There are two ways to keep your Mountain Heritage FCU accounts out of probate: adding Payable on Death designations and retitling accounts into a trust. Because Mountain Heritage FCU is a membership-based institution, trust retitling must maintain the membership eligibility requirement. Both methods ensure your accounts transfer directly to the people you choose, without court involvement.
Mountain Heritage FCU has 10 accounts with different estate transfer rules. Here is how beneficiary designations, trust ownership, and probate apply to each one.
Beneficiary form at Mountain Heritage FCU
Beneficiary designation paperwork and IRA beneficiary form (for IRAs).
- Full legal name, date of birth, Social Security number, and relationship
- The share you want each to receive, if you are naming more than one
Required Documents
- Government-issued photo ID (at a branch)
- Beneficiary's full legal name (for each beneficiary)
- Beneficiary's date of birth (for each beneficiary)
- Beneficiary's Social Security number (for each beneficiary)
- Beneficiary's relationship to you (for each beneficiary)
- The share each beneficiary is to receive (if you are naming more than one)
- Certification of Trust (generally, to name a trust as beneficiary)
- The Certification of Trust, or the full trust agreement with any amendments
- Government-issued photo ID for every trustee
- The trust's EIN, or the grantor's Social Security number for a revocable trust
Required Documents
- Certification of Trust, or the full trust agreement with any amendments
- Government-issued photo ID (for every trustee)
- Trust's tax identification number. The trust's EIN, or the grantor's Social Security number for a revocable trust
- Full legal name, date of birth, Social Security number, and relationship
- The share you want each to receive, if you are naming more than one
Required Documents
- Government-issued photo ID (at a branch)
- Beneficiary's full legal name (for each beneficiary)
- Beneficiary's date of birth (for each beneficiary)
- Beneficiary's Social Security number (for each beneficiary)
- Beneficiary's relationship to you (for each beneficiary)
- The share each beneficiary is to receive (if you are naming more than one)
- Certification of Trust (generally, to name a trust as beneficiary)
What Mountain Heritage FCU says about beneficiaries and trusts
Each section is Mountain Heritage FCU's own statement, with the document it comes from numbered under Sources.
Which accounts take a beneficiary2
- Payable-on-death account
A POD beneficiary can be added to share, checking, club, money market and certificate accounts.1
- IRA
IRA beneficiary designations are separate from POD designations on deposit accounts. Completing one does nothing for the other.1
Who can be named1
- A trust, IRAs
A trust can be named as the IRA beneficiary.1
How many beneficiaries, and how shares are split
- All accounts
When naming more than one beneficiary, the owner states the share each is to receive.1
What a designation takes to be effective
- All accounts
The credit union's Terms and Conditions page states that for security and compliance a member presents identifying information in person and signs account and loan agreements at the credit union in the presence of staff.2
Beneficiary forms Mountain Heritage FCU issues2
- Beneficiary designation paperwork
Completed by the account owner. Sent by the institution on request.1
Return to
Mailing address: Mountain Heritage Federal Credit Union, 1822 Seventh Street, Parkersburg, WV 26101
- IRA beneficiary form
For IRAs. Completed by the account owner. Provided at a branch.1
What Mountain Heritage FCU's agreement says about beneficiaries1
- Membership
The online membership application enrolls one person: first and last name, email, address, date of birth, Social Security number, and an uploaded passport, license or ID card. A joint owner must be present during enrollment or be added later.3
Which accounts a trust can hold1
- IRA
An IRA cannot be retitled into a trust. It stays titled to the individual, and the trust is named as its beneficiary instead.1
Not in Mountain Heritage FCU's published guidance7
- A beneficiary form to download
- An online way to name a beneficiary
- An online record of designations
- Beneficiary or trust option in the online application
- A trust account form
- Terms in its agreements for a trust account
- List of accepted trust documents
Sources3
- 1.Mountain Heritage FCU member service guidance
- 2.Terms and Conditions
- 3.Online membership application
Sources
Data sourced from Mountain Heritage FCU primary sources (15 pages reviewed). How we research.
Download these Mountain Heritage FCU instructions
Download instructions for the whole estateA printable PDF with the steps, required documents, and contact details — verified against Mountain Heritage FCU primary sources. Bring it to the branch or keep it beside the phone.
Mountain Heritage FCU estate support
Member Services
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