Estate planning options at Pinnacle Bank (NE)
The key to protecting your Pinnacle Bank (NE) accounts is making sure each one has a transfer mechanism in place—either a beneficiary designation or trust ownership. Without one, the account goes through probate, adding time, cost, and court involvement for your family.
Each of Pinnacle Bank (NE)'s 18 accounts has different rules for how it transfers at death. The sections below explain the options for each.
No beneficiary form at Pinnacle Bank (NE)
What Pinnacle Bank (NE) says about beneficiaries and trusts
Each section is Pinnacle Bank (NE)'s own statement, with the document it comes from numbered under Sources.
Which accounts take a beneficiary1
- Payable-on-death account
The Terms and Conditions of Your Account provide for a pay-on-death designation on a single-party or multiple-party deposit account, recorded on the account records.1
Pinnacle reserves the right to refuse some forms of ownership and beneficiary designations on any or all of its accounts unless prohibited by law.1
State requirements Pinnacle Bank (NE) statesArizona, Colorado, Nebraska, New Mexico, Kansas, Missouri
- Arizona
On a single-party account with a pay-on-death designation, ownership passes at the party's death to the designated pay-on-death beneficiaries and is not part of the party's estate.1
On a multiple-party account with right of survivorship and a pay-on-death designation, ownership passes at the death of the last surviving party to the designated pay-on-death beneficiaries.1
- Colorado
On a single-party account with a pay-on-death designation, ownership passes at the party's death to the designated pay-on-death beneficiaries and is not part of the party's estate.1
On a multiple-party account with right of survivorship and a pay-on-death designation, ownership passes at the death of the last surviving party to the designated pay-on-death beneficiaries.1
- Nebraska
On a single-party account with a pay-on-death designation, ownership passes at the party's death to the designated pay-on-death beneficiaries and is not part of the party's estate.1
On a multiple-party account with right of survivorship and a pay-on-death designation, ownership passes at the death of the last surviving party to the designated pay-on-death beneficiaries.1
- New Mexico
On a single-party account with a pay-on-death designation, ownership passes at the party's death to the designated pay-on-death beneficiaries and is not part of the party's estate.1
On a multiple-party account with right of survivorship and a pay-on-death designation, ownership passes at the death of the last surviving party to the designated pay-on-death beneficiaries.1
- Kansas
On a revocable trust or pay-on-death account, beneficiaries cannot withdraw until all persons creating the account have died. Those persons may change beneficiaries, change account types and withdraw funds at any time.1
- Missouri
On a revocable trust or pay-on-death account, beneficiaries cannot withdraw until all persons creating the account have died. Those persons may change beneficiaries, change account types and withdraw funds at any time.1
Which accounts a trust can hold1
- Trust account
Under the "FIDUCIARY ACCOUNTS" clause of the Terms and Conditions of Your Account, an account may be opened and maintained by a person or persons named as a trustee under a written trust agreement.1
What Pinnacle Bank (NE) says about trust accounts1
- Review of the trust document
By merely opening such an account, Pinnacle is not acting as a trustee in connection with the trust and undertakes no obligation to monitor or enforce the terms of the trust.1
Accounts handled elsewhere1
- Pinnacle Trust Services
Trust and estate services, with free consultations through a local branch or the trust department2
Not in Pinnacle Bank (NE)'s published guidance5
- A beneficiary designation form
- What the owner provides to name a beneficiary
- Written beneficiary designation procedure
- Which trust documents it accepts
- Trust certification form
Sources
(2)·
Data sourced from Pinnacle Bank (NE) primary sources (20 pages reviewed). How we research.
Download these Pinnacle Bank (NE) instructions
A printable PDF with the steps, required documents, and contact details, verified against Pinnacle Bank (NE) primary sources. Bring it to the branch or keep it beside the phone.
Pinnacle Bank (NE) estate support
Pinnacle Trust Services
Phone
Lincoln trust office
Pat Garrett, President, Pinnacle Trust Services (Omaha)
John Wells, Trust Officer (Omaha)
Jack Rice, Trust Officer (Omaha)
Jessica Sheldrick, Trust Officer (Omaha)
Janae Knoell, Trust Officer (Omaha)
Mark Kisker, Senior Vice President, Trust Officer (Lincoln)
Jennifer Jensen, Trust Officer (Lincoln)
Clare Dorshorst, Trust Officer (Lincoln)
Vern Schulte, Trust Officer (Columbus)
Lynda Anderson, Trust Officer (Beatrice)
Fax
Mailing address
Website
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