Estate planning options at Stockman Bank
The key to protecting your Stockman Bank 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 Stockman Bank's 19 accounts has different rules for how it transfers at death. The sections below explain the options for each.
No beneficiary form at Stockman Bank
Beneficiary designation is not available for investment accounts at Stockman Bank.
What Stockman Bank says about beneficiaries and trusts
Each section is Stockman Bank's own statement, with the document it comes from numbered under Sources.
Which accounts take a beneficiary2
- Payable-on-death account
With one owner and a pay-on-death designation, the named beneficiaries take the account when the owner dies, and it stays out of the estate.1
On a joint account carrying both survivorship and a pay-on-death designation, the beneficiaries take the account only after the last owner has died.1
- Account in one name
An account in one name with no pay-on-death designation becomes part of the owner's estate.1
What Stockman Bank's agreement says about beneficiaries3
- The institution's right to refuse a designation or an account title
Stockman keeps the right to turn down some forms of ownership and some beneficiary designations on any of its accounts, unless the law forbids it.1
- What the owner keeps while living
The bank makes no promise about what a designation achieves for the owner. It uses the designation only to decide whom to pay.1
- Which state governs the account
The account terms are made subject to federal law and Montana law.1
What Stockman Bank says about trust accounts1
- Review of the trust document
Stockman takes on no duty to watch over or enforce the terms of a trust whose trustee opens an account, and it is not responsible for what the trustee does with the funds.1
Not in Stockman Bank's published guidance10
- What the owner provides to name a beneficiary
- A beneficiary designation form
- An online way to name a beneficiary
- Who may be named as beneficiary
- How shares are split among beneficiaries
- What a designation takes to be effective
- Changing or revoking a designation
- Which trust documents it accepts
- A trust account form
- How long a change takes
Sources
(2)·
Data sourced from Stockman Bank primary sources (20 pages reviewed). How we research.
Download these Stockman Bank instructions
A printable PDF with the steps, required documents, and contact details, verified against Stockman Bank primary sources. Bring it to the branch or keep it beside the phone.
Stockman Bank estate support
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Mailing address
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Estate requests go through general customer service.
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