Estate planning options at Provident

Each beneficiary is paid an equal portion unless the written directions state each beneficiary's share.¹

Any owner of the account may designate, revoke or change POD beneficiaries at any time by giving Provident new or updated written directions.¹

A POD designation can be revoked or changed at any time with new written directions. The most recent written directions Provident receives control the designation.¹

While the owner is alive, a POD beneficiary has no authority to obtain information about the account or take any action on it, including withdrawals.¹

Funds are paid to the POD beneficiaries on the death of the individual owner, or of the last surviving co-owner of a joint account.¹

If a beneficiary dies before the last account owner, that beneficiary's share goes to the beneficiary's estate.¹

Provident may be required by law to make payments to a parent, custodian or guardian of a beneficiary.¹

Provident's trust accounts are Fiduciary Checking accounts. Its Fiduciary Checking disclosures state that trusts and estate accounts are among the most common forms of fiduciary accounts.^{2, 3}

Moving an existing account into the trust is a transfer of the account. Provident's written consent is required, and Provident may require the existing account to be closed and a new account opened in the new owner's name.¹

Under its Fiduciary Accounts terms, Provident states it is not a trustee and is not acting as one, and has no responsibility for ensuring compliance with the document that creates the fiduciary relationship.¹

Provident is not liable for actions that exceed the fiduciary's authority, and the owners and the fiduciary agree to indemnify Provident for claims related to the fiduciary's authority or actions.¹

Trust administration services, offered separately through this Provident Bank subsidiary⁴