Estate planning options at Navigant CU
Preparing your Navigant CU accounts for estate transfer involves two key steps: designating beneficiaries on each account and, where appropriate, retitling accounts into a trust. Because Navigant CU is a membership-based institution, trust retitling must maintain the membership eligibility requirement. Accounts with Payable on Death designations or trust ownership bypass probate entirely.
The transfer rules at Navigant CU vary across 15 accounts. Below is a breakdown of beneficiary options, trust funding, and which products support each method.
Required Documents
- Signature card. The form of ownership, including any beneficiary designation, is designated on the signature card
- Name and residential address of each beneficiary (for a Totten Trust account)
- Other documentation Navigant requires (for a Totten Trust account). In a form satisfactory to Navigant
- A copy of the trust instrument
- The name and residential address of any successor trustee designated in the trust instrument
- Any other documentation in a form satisfactory to Navigant, including a certificate of trust
Required Documents
- Copy of the trust instrument
- Certificate of trust. Asked for along with the copy of the trust instrument, as part of the other documentation Navigant requires
- Successor trustee's name and residential address (if the trust instrument designates a successor trustee)
- Other documentation Navigant requires. In a form satisfactory to Navigant
Required Documents
- Signature card. The form of ownership, including any beneficiary designation, is designated on the signature card
- Name and residential address of each beneficiary (for a Totten Trust account)
- Other documentation Navigant requires (for a Totten Trust account). In a form satisfactory to Navigant
What Navigant CU says about beneficiaries and trusts
Each section is Navigant CU's own statement, with the document it comes from numbered under Sources.
Which accounts take a beneficiary1
How many beneficiaries, and how shares are split
- All accounts
At the owner's death the funds belong to the beneficiary or, if there is more than one, in equal shares to the beneficiaries then living.1
Where more than one beneficiary is living, Navigant may pay equal shares or issue one check in the name of all living beneficiaries and give it to any one of them.1
What Navigant CU's agreement says about beneficiaries6
- What the owner keeps while living
Beneficiaries have no interest in, and no access to, the account until the owner dies or, on a joint account, the last surviving owner dies.1
- A designation and a will
POD and Totten Trust funds are not governed by the owner's will and are not inherited by the owner's heirs.1
- Claims against the account
Payment of POD and Totten Trust funds is subject to Navigant's right of set off and any applicable security interest.1
- Who can see the designation
Navigant has no obligation to notify any beneficiary that the account exists or that an interest in it has vested.1
- The institution's right to refuse a designation or an account title
Navigant reserves the right to refuse some forms of ownership on any or all of its accounts.1
- Joint accounts
If a Totten Trust account names more than one trustee, it is treated as a joint account and the joint-account rules apply.1
What Navigant CU says about trust accounts3
- Whether a new account is opened
Opening a trust account is at Navigant's sole discretion: it "may, in our sole discretion, allow a trustee or the trustees of a formal written trust (other than a Totten Trust) to establish an account with us in the name of the trust."1
- Who signs for the trust
Accounts may be opened and maintained by a person or persons named as a trustee under a written trust agreement. Navigant is not acting as trustee and undertakes no obligation to monitor or enforce the terms of the trust.1
- Review of the trust document
Navigant has no duty to monitor or ensure that a trustee's acts are for the benefit of the beneficiaries or permitted under the trust instrument or applicable law, and is not liable if a trustee exceeds his or her powers.1
The trustees agree to hold Navigant harmless from any actions that Navigant or any trustee takes on the account in reliance on the trust documentation or certification.1
Not in Navigant CU's published guidance3
- A beneficiary form to download
- A web page on beneficiary designations
- A trust account application on its website
Sources
(1)·
Data sourced from Navigant CU primary sources (2 pages reviewed). How we research.
Download these Navigant CU instructions
A printable PDF with the steps, required documents, and contact details, verified against Navigant CU primary sources. Bring it to the branch or keep it beside the phone.
Navigant CU estate support
NCU Investment Solutions (wealth management subsidiary)
Phone
Mailing address
Website
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