Estate planning and settlement at Truist
Report a death at 1-844-487-8478
Truist offers 13 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.
To add or update beneficiaries at Truist, account holders work through direct contact with the institution. Truist Wealth estate settlement coordinates these changes.
Truist provides specific procedures for both proactive estate planning and filing claims after a death.
Beneficiaries and trust funding
How to review 13 account types at Truist.
Preparing your estate →Death claim process
Report the death to Truist at 1-844-487-8478. The page lists the steps and the documents to send.
When someone dies →Because Truist 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
Only at Truist's discretion. The Truist Bank Services Agreement pays multiple surviving POD/ITF beneficiaries in equal and undivided shares, and any designation of funds to multiple beneficiaries in an amount or percentage other than equally "shall be considered only as a request to the Bank," which Truist may honor in its sole discretion. A beneficiary change is effective only upon a change to the signature card, and Truist may rely solely on the signature card to determine the proper beneficiary. If no beneficiary survives the last owner, the funds are payable to the last owner's estate.
The brokerage TOD. A Truist Asset Management Account links an interest-bearing checking account with a brokerage account at Truist Investment Services, Inc. Under the Bank Services Agreement, a TOD designation made with the broker governs distribution of all AMA assets (the checking account, the brokerage account and the investment sweep option) and takes precedence if POD instructions given to the Bank differ from it. If a POD designation was made with the Bank and no TOD designation was made with the broker, the POD instructions control.
By opening a new account. The Truist Bank Services Agreement says that if ownership of an account is to be changed, the account should be closed and a new account opened to reflect the ownership designation, and requested changes are not effective until Truist accepts them and has had a reasonable time to act. Its Written Trust account type is an account opened under a valid, written agreement or will which creates a trust that performs transactions through its trustee or co-trustees, and Truist is not obligated to read or interpret the trust documents. Truist Wealth lists a signed trust agreement or certification of trust, identification for trustees and grantors, a trust tax ID number (TIN or EIN), and documentation for successor trustees, if applicable.
Sources
Data sourced from Truist primary sources (27 pages reviewed). How we research.
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Estate planning articles
Learn how to protect your Truist 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.
Codicil to a Will
Add, revoke or replace provisions of your will and republish the rest, signed as your state requires for a will.
HIPAA Release
Name who may receive your medical records, in the authorization federal law requires, with your state's rules for sensitive records. 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.
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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.
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How Much Does a Revocable Living Trust Cost?
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Compare will costs across providers plus probate costs your heirs will pay.
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Compare what it costs to make a trust official across SimplyTrust, LegalZoom, Trust & Will, Rocket Lawyer, and Quicken WillMaker.
