How to name beneficiaries and fund a trust at UMB Bank
Covers 9 deposit, 2 retirement, and 2 lending accounts — beneficiaries must be updated in-branch
UMB Banking Services
UMB Financial Corporation, 1010 Grand Boulevard, Kansas City, MO 64106
UMB Banking Services
UMB Financial Corporation, 1010 Grand Boulevard, Kansas City, MO 64106
Estate Processing
UMB Bank, Attn: Estate Processing, 1010 Grand Boulevard, Kansas City, MO 64106
The key to protecting your UMB Bank accounts is making sure each one has a transfer mechanism in place—either a beneficiary designation or trust ownership. Without one, the account goes through probate, adding time, cost, and court involvement for your family.
UMB Bank has 13 accounts with different estate transfer rules. Here is how beneficiary designations, trust ownership, and probate apply to each one.
- Visit your nearest UMB Bank branch with valid government-issued photo ID
- Request to add or update POD beneficiary designations on your accounts
- Provide beneficiary details including full legal name, date of birth, SSN, and relationship
- Sign the beneficiary designation form
- Request a copy for your records
Required Documents
- Trust name, date established, and tax ID (EIN or SSN)
Special Requirements
- A payable-on-death beneficiary is NOT an owner of the account during the owner's lifetime and has no right to the funds or account information until the owner dies
- Payable-on-death directions are available on joint accounts as well as individual accounts
- 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 (UMB has branches in the community property states of Texas, New Mexico, Arizona, and California)
- UMB's setoff right does not reach IRAs or HSAs, so those pass to the named beneficiary without being reduced for debts owed to UMB - deposit accounts are not protected the same way
Sources
Data sourced from UMB Bank primary sources (17 pages reviewed). How we research.
Download these UMB Bank instructions
Download instructions for the whole estateA printable PDF with the steps, required documents, and contact details — verified against UMB Bank primary sources. Bring it to the branch or keep it beside the phone.
UMB Banking Services
UMB Financial Corporation, 1010 Grand Boulevard, Kansas City, MO 64106
UMB Banking Services
UMB Financial Corporation, 1010 Grand Boulevard, Kansas City, MO 64106
Estate Processing
UMB Bank, Attn: Estate Processing, 1010 Grand Boulevard, Kansas City, MO 64106
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