Estate planning at Renasant Bank

Yes. A trust can be named as POD beneficiary on Renasant deposit accounts. You will need to provide the full legal name of the trust, the date the trust was established, and the trust tax identification number. Visit a branch or call 1-877-367-5371 for assistance with trust beneficiary designations.

Yes. Renasant Bank accepts both revocable and irrevocable trust accounts for checking, savings, money market, and CD accounts. Visit any branch with your Certification of Trust or full trust agreement, trustee IDs, and the trust tax identification number. Existing personal accounts can also be retitled to a trust. IRA accounts cannot be retitled to a trust but can name a trust as beneficiary.

Renasant Bank has offered trust services since 1904. The Wealth Management Trust Division provides fiduciary and trust administration services including Revocable Living Trusts, Irrevocable Trusts, Marital and Credit Shelter Trusts, Directed Trusts, Asset Protection Trusts, Special Needs Trusts, Testamentary Trusts, Family Trusts, Generation Skipping and Dynastic Trusts, Charitable Trusts, Estate Administration and Executor Services, Escrow Services, and Comprehensive Investment Management. Contact the Trust Division at 662-680-1209 or trust@renasant.com with offices in Tupelo, Columbus, Memphis, Birmingham, and Starkville.

Yes. Renasant Bank is an FDIC-insured institution. POD beneficiaries receive separate FDIC insurance coverage of up to $250,000 per beneficiary per depositor. Trust accounts are also FDIC insured based on the number of qualifying beneficiaries, up to the maximum allowed by FDIC rules.

Renasant Bank allows you to designate primary and contingent beneficiaries on Traditional, Roth, Rollover, SEP, SIMPLE, and Spousal IRA accounts. Beneficiaries can include individuals, trusts, charities, or estates. A trust named as IRA beneficiary requires the full legal trust name, date, and tax identification number. In community property states, spousal consent may be required when naming a non-spouse beneficiary.

Renasant Bank offers three checking accounts: Rewards Extra Checking (interest-bearing with cell phone insurance, roadside assistance, and discounts at $6.50/month), Interest Checking, and Simple Checking. Savings options include Regular Savings, Rewards Savings (companion to Rewards Extra Checking), Children's Savings (no fees for ages 18 and under), Personal Money Market ($2,500 minimum), and Health Savings Account ($50 minimum). CD products include standard CDs ($1,000 minimum) and CD Specials ($10,000 minimum). All deposit accounts except Children's Savings and HSA support POD beneficiary designations and trust titling.