How to name beneficiaries and fund a trust at New Mexico Bank & Trust
Covers 7 deposit, 2 retirement, and 2 lending accounts — beneficiaries must be updated in-branch
UMB Bank Customer Service
Phone800-860-4862
Mailing Address
320 Gold Ave SW, Albuquerque, NM 87102
Albuquerque Main Branch
WebsiteLearn more→
UMB Private Wealth Management & Trust Services
Phone800-545-6101
Mailing Address
320 Gold Ave SW, Suite 200, Albuquerque, NM 87102
UMB Trust & Estate Planning (national)
WebsiteLearn more→
Verified Apr 2026
Estate planning for your New Mexico Bank & Trust accounts starts with understanding how each one transfers at death. Beneficiary designations and trust retitling both bypass probate, but the right approach depends on the account type, your tax situation, and how much control you want over distributions.
New Mexico Bank & Trust offers 11 accounts, each with its own transfer rules. The sections below cover how to set up beneficiaries, fund a trust, and which products support each approach.
Free Checking with eStatementPlatinum CheckingSignature Series CheckingPersonal SavingsPlatinum SavingsMoney Market SavingsCertificate of Deposit
1
Visit any UMB Bank branch in New Mexico with government-issued photo ID
2
Request to add a Payable on Death (POD) beneficiary designation to your deposit account
3
Provide beneficiary information:
- Full legal name
- Date of birth
- Social Security number
- Relationship to account holder
- If naming multiple beneficiaries, specify percentage allocation for each
4
Review and sign the beneficiary designation form with a banker
Required Documents
- Trust name, date established, and tax ID (EIN or SSN)
Special Requirements
- Beneficiary does not need to be present
- Named POD beneficiaries override your will
- For IRA accounts, spousal consent may be required depending on state law
UMB Bank Customer Service
Phone800-860-4862
Mailing Address
320 Gold Ave SW, Albuquerque, NM 87102
Albuquerque Main Branch
WebsiteLearn more→
UMB Private Wealth Management & Trust Services
Phone800-545-6101
Mailing Address
320 Gold Ave SW, Suite 200, Albuquerque, NM 87102
UMB Trust & Estate Planning (national)
WebsiteLearn more→
Verified Apr 2026
Estate planning articles
Learn how to protect your New Mexico Bank & Trust accounts and other assets with trusts, beneficiary designations, and estate planning documents.
