How to designate beneficiaries at Texas Capital
Beneficiaries are managed online
Estate planning for your Texas Capital accounts starts with understanding how each one transfers at death. Beneficiary designations bypass probate, but the right approach depends on the account type, your tax situation, and how much control you want over distributions.
Texas Capital offers 9 accounts, each with its own transfer rules. The sections below cover how to set up beneficiaries, fund a trust, and which products support each approach.
- Log in at Online Banking
- From the menu, select Account Services, then Manage Beneficiaries
- Click Add Beneficiary and enter the required details, including the beneficiary's full legal name
- Select the account or accounts the beneficiary should apply to and click Save; one beneficiary can be added to multiple accounts
- On the Manage Beneficiaries page, click the three-dot menu in the upper-right corner, then Add/Remove Accounts
- Select or unselect accounts to change which accounts the beneficiary covers, then click Save; unselecting all accounts deletes the beneficiary, or use Delete Beneficiaries
Required Documents
- Beneficiary's full legal name (for each beneficiary)
What Texas Capital says about beneficiaries and trusts
Each section is Texas Capital's own statement, with the document it comes from numbered under Sources.
Which accounts take a beneficiary1
- Payable-on-death account
The account type designated on the bank-provided document sets its ownership and how it passes at death: Single-Party with or without Payable on Death, Multiple-Party with or without Right of Survivorship, Multiple-Party with Right of Survivorship and Payable on Death, Convenience Account, or Trust Account.1
A Single-Party with Payable on Death account passes to the payable on death beneficiaries at the owner's death and is not part of the owner's estate.1
How many beneficiaries, and how shares are split
- All accounts
Up to five beneficiaries can be added per account. All beneficiaries added receive equal allocations, and they cannot be contingent beneficiaries.2
What Texas Capital's agreement says about beneficiaries3
- Joint accounts
Only two applicants are allowed on a joint account.1
- Claims against the account
Any pledge of the account the bank has agreed to must be satisfied before the rights of a joint account survivor, payable on death beneficiary or trust account beneficiary become effective.1
A payable on death beneficiary's interest is junior to the bank's security interest and subject to its right of setoff.1
- Changing or revoking a designation
A beneficiary is edited or removed in Online Banking on the Manage Beneficiaries page. Unselecting all of its accounts deletes the beneficiary, or Delete Beneficiaries removes it.2
Which accounts a trust can hold1
- Trust account
The Trust Account in the bank's ownership menu is a different arrangement from a revocable living trust. The trustees named on the account own it in proportion to their net contributions, and a beneficiary may not withdraw before all trustees are deceased.1
On the death of the last surviving trustee of a Trust Account, ownership passes to the beneficiary outside the trustee's will.1
What Texas Capital says about trust accounts2
- Review of the trust document
Any formal trust account is a fiduciary account. At opening and at all times after, the bank may require the documents and authorizations it deems necessary to establish that the person directing the account has the requisite authority.1
- Successor trustees
When a successor fiduciary is appointed, the bank may require an affidavit of succession or other document acceptable to it certifying that the person is the duly appointed, qualified and serving successor fiduciary.1
Not in Texas Capital's published guidance4
- A beneficiary designation form
- A procedure for holding an account in a trust
- A trust account form
- Which trust documents it accepts
Sources2
- 1.Personal & Small Business Banking Terms and Disclosures, Rev 4/2026
- 2.FAQs
Sources
Data sourced from Texas Capital primary sources (9 pages reviewed). How we research.
Download these Texas Capital instructions
Download instructions for the whole estateA printable PDF with the steps, required documents, and contact details — verified against Texas Capital primary sources. Bring it to the branch or keep it beside the phone.
Texas Capital estate support
Texas Capital Private Bank (trustee, executor, and estate settlement services)
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