How to name beneficiaries and fund a trust at Sikorsky FCU
Covers 10 deposit, 3 retirement, 1 investment, and 7 lending accounts — beneficiaries must be updated in-branch
Sikorsky Credit Union, 1000 Oronoque Lane, Stratford, CT 06614
Sikorsky Credit Union, 1000 Oronoque Lane, Stratford, CT 06614
Member Services
Sikorsky Credit Union, 1000 Oronoque Lane, Stratford, CT 06614
The goal with your Sikorsky FCU accounts is to make sure every account has a transfer mechanism in place—either a POD beneficiary designation or trust ownership. Because Sikorsky FCU is a membership-based institution, trust retitling must maintain the membership eligibility requirement. Accounts without either one will require probate, which means court involvement and delays for your family.
Sikorsky FCU has 21 accounts with different estate transfer rules. Here is how beneficiary designations, trust ownership, and probate apply to each one.
- Payable on Death (POD) Beneficiary Designation Form for deposit accounts
- IRA Beneficiary Form for retirement accounts
Special Requirements
- POD beneficiaries on deposit accounts (checking, savings, money market, certificates) must be natural persons
- To direct deposit account funds to a trust, retitle the account to trust ownership rather than naming the trust as POD beneficiary
- IRA accounts use a separate beneficiary designation form and may allow trusts as beneficiaries
- Beneficiary designations should be reviewed and updated after major life events
Sources
Data sourced from Sikorsky FCU primary sources (29 pages reviewed). How we research.
Download these Sikorsky FCU instructions
Download instructions for the whole estateA printable PDF with the steps, required documents, and contact details — verified against Sikorsky FCU primary sources. Bring it to the branch or keep it beside the phone.
Sikorsky Credit Union, 1000 Oronoque Lane, Stratford, CT 06614
Sikorsky Credit Union, 1000 Oronoque Lane, Stratford, CT 06614
Member Services
Sikorsky Credit Union, 1000 Oronoque Lane, Stratford, CT 06614
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