Estate planning and settlement at TowneBank
Name beneficiaries in branch, fund a trust in branch, and report a death
TowneBank offers 15 consumer accounts that interact with estate planning in distinct ways. Understanding the transfer methods available for each account type helps families keep assets out of probate and ensure they pass to the right people.
At TowneBank, beneficiary designations are managed in branch. Accounts can also be retitled into a trust to keep them out of probate entirely.
TowneBank has documented procedures for both preparing accounts during your lifetime and handling claims when an account holder passes away.
Beneficiaries and trust funding
How to update beneficiaries in-branch, fund a trust in-branch, and review 15 account types at TowneBank.
Preparing your estate →Death claim process
The page lists the steps and the documents to send.
When someone dies →For questions about any of these procedures, contact TowneBank's Towne Trust Company, N.A. at 1-757-599-2200.
Because TowneBank serves a limited number of states, procedures for trust funding and beneficiary changes may differ depending on your location. Verify availability before starting.
Frequently asked questions
TowneBank. All three banks are now part of TowneBank: Village Bank (April 1, 2025), The Old Point National Bank of Phoebus (September 1, 2025), and Dogwood State Bank (January 12, 2026). Former Dogwood offices operate as "Dogwood State Bank, a Division of TowneBank" until the systems conversion scheduled for November 2026, but the deposits are TowneBank deposits. TowneBank directs checking and savings account questions to a local banker or any TowneBank office.
Sources
Data sourced from TowneBank primary sources (34 pages reviewed). How we research.
TowneBank customer support
Member Care Center
Online & Mobile Banking (Towne-Personal & Towne-Biz)
Loan payments and payoff (Towne Member Care)
Lost or stolen debit/ATM card
Lost or stolen debit/ATM card, after hours and weekends
Website
Estate planning articles
Learn how to protect your TowneBank accounts and other assets with trusts, beneficiary designations, and estate planning documents.
Forms for Planning Your Estate
Free forms for planning your estate: a will, living trust, pour-over will, both powers of attorney, living will, and TOD deed.
Last Will and Testament
Name your heirs, guardians, and final wishes. Free for every state.
Transfer on Death Deed
Transfer real property to a beneficiary upon your death without probate. Available in 34 states and the District of Columbia.
Vehicle Transfer on Death
Name a beneficiary to inherit your vehicle at death without probate. Available in 26 states and the District of Columbia.
Tools for Planning Your Estate
Free tools for planning your estate: what a will or trust costs, whether you need a trust or TOD deed, and how documents are signed.
How Do I Sign Estate Documents?
Find witness, notary, and remote signing requirements for all 50 states.
Will My Estate Documents Transfer?
Check if estate planning documents signed in one state are valid in another.
Trust or Will: Which Costs Less?
Compare the cost of probate vs a trust for your state and estate value.
How Much Does a Revocable Living Trust Cost?
Compare revocable living trust costs across providers including online services and attorneys.
How Much Does a Will Cost?
Compare will costs across providers plus probate costs your heirs will pay.
How Does SimplyTrust Compare to LegalZoom, Trust & Will, and Other Services?
Compare what it costs to make a trust official across SimplyTrust, LegalZoom, Trust & Will, Rocket Lawyer, and Quicken WillMaker.
