Preparing your Simmons Bank accounts for estate transfer involves two primary strategies: designating beneficiaries on individual accounts and, where supported, retitling accounts into a revocable living trust. Both approaches bypass probate, but they work differently depending on the account type.

With 20 product types, Simmons Bank offers a range of transfer options. Some accounts support Payable on Death (POD) designations, others can be retitled into a trust, and some require probate if no beneficiary is designated. The sections below break down each step.

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1Log in to Simmons Bank online banking at simmonsbank.com

2Navigate to account settings or profile section

3Select the account you wish to add a beneficiary to

4Enter beneficiary information including full legal name, date of birth, and Social Security number

5Designate allocation percentages if naming multiple beneficiaries

6Review and confirm beneficiary designation

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Required Documents

Trust name, date established, and tax ID (EIN or SSN)

Special Requirements

Trust beneficiary designations may require visiting a branch with trust documentation
IRA beneficiary changes may require completing a separate form at a branch
POD beneficiaries cannot withdraw unless all account creators have died and the beneficiary is living when the last creator dies
If multiple POD beneficiaries survive, they own the account in equal shares with right of survivorship