How to designate beneficiaries at Suncoast

A POD designation does not apply to an IRA.¹

A POD designation does not apply to an account held on behalf of or in the name of a trust.¹

Joint owners may not be listed as beneficiaries.²

On the death of the last surviving owner, the account passes to the surviving POD beneficiaries in equal shares.¹

The request must be made by the primary member, and the primary member and all joint owners sign the signature card.²

For payable-on-death accounts. Completed by the primary member and all joint owners. Available to download.²

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For payable-on-death accounts. Completed by the primary member, witnessed by someone other than the current account owner. Available to download.³

If no POD beneficiary survives the last surviving owner, the account passes to that owner's estate.¹

Designating a new beneficiary supersedes all previous designations.²

To release prior beneficiaries without naming new ones, the primary member signs the Release Agreement for Payable-On-Death Account, witnessed by someone other than the current account owner.³

Under its Account Agreement, Suncoast allows accounts to be owned by trusts on a case-by-case basis.¹

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Under its Account Agreement, Suncoast may refuse fiduciary instructions it believes could expose it to claims or require a bond, and has no responsibility to determine whether a trustee has been duly appointed.¹

Under its Account Agreement, Suncoast acts only as a depository for the funds in a trust account.¹

Serves as current or successor trustee, personal representative or investment manager⁵