Preparing your UMB Bank accounts for estate transfer involves two primary strategies: designating beneficiaries on individual accounts and, where supported, retitling accounts into a revocable living trust. Both approaches bypass probate, but they work differently depending on the account type.

With 13 product types, UMB Bank offers a range of transfer options. Some accounts support Payable on Death (POD) designations, others can be retitled into a trust, and some require probate if no beneficiary is designated. The sections below break down each step.

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1Log in to UMB Online Banking at umb.com

2Navigate to account settings or beneficiary management

3Select the account for which to add or update beneficiaries

4Enter beneficiary details including full legal name, date of birth, SSN, and relationship

5Designate allocation percentages for multiple beneficiaries

6Review and confirm the beneficiary designation

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Required Documents

Trust name, date established, and tax ID (EIN or SSN)

Special Requirements

Trust beneficiary designations may require providing the trust name, date, and trustee details
Community property state residents may need spousal consent for IRA beneficiary changes naming a non-spouse