Estate planning and settlement at Paychex
Name beneficiaries online and report a death
Retirement retirement accounts at Paychex transfer by beneficiary designation, not through probate. With 9 account types, each carrying different tax implications for heirs, getting these designations right is one of the most consequential estate planning decisions.
Account holders can update their beneficiary designations at Paychex online and by mail.
Paychex has documented procedures for both preparing accounts during your lifetime and handling claims when an account holder passes away.
Beneficiaries and trust funding
How to manage beneficiaries online, and review 9 account types at Paychex.
Preparing your estate →Death claim process
Report the death to Paychex's Loans and Distributions. The page lists the steps and the documents to send.
When someone dies →
Sources
Data sourced from Paychex primary sources (17 pages reviewed). How we research.
Paychex customer support
Paychex Support
Phone
Toll-free
Client support — COBRA, Health and Benefits Help
Paychex HR PEO employee support (Paychex Flex)
Paychex HR PEO client Retirement Services Help
Client support — Flexible Spending Account Help
Website
Estate planning articles
Learn how to protect your Paychex accounts and other assets with trusts, beneficiary designations, and estate planning documents.
Forms for Planning Your Estate
Free forms for planning your estate: a will, living trust, pour-over will, both powers of attorney, living will, and TOD deed.
Last Will and Testament
Name your heirs, guardians, and final wishes. Free for every state.
Transfer on Death Deed
Transfer real property to a beneficiary upon your death without probate. Available in 34 states and the District of Columbia.
Vehicle Transfer on Death
Name a beneficiary to inherit your vehicle at death without probate. Available in 26 states and the District of Columbia.
Tools for Planning Your Estate
Free tools for planning your estate: what a will or trust costs, whether you need a trust or TOD deed, and how documents are signed.
How Do I Sign Estate Documents?
Find witness, notary, and remote signing requirements for all 50 states.
Will My Estate Documents Transfer?
Check if estate planning documents signed in one state are valid in another.
Trust or Will: Which Costs Less?
Compare the cost of probate vs a trust for your state and estate value.
How Much Does a Revocable Living Trust Cost?
Compare revocable living trust costs across providers including online services and attorneys.
How Much Does a Will Cost?
Compare will costs across providers plus probate costs your heirs will pay.
How Does SimplyTrust Compare to LegalZoom, Trust & Will, and Other Services?
Compare what it costs to make a trust official across SimplyTrust, LegalZoom, Trust & Will, Rocket Lawyer, and Quicken WillMaker.
