How to name beneficiaries and fund a trust at Webster
Covers 11 deposit, 2 retirement, and 2 lending accounts — beneficiaries must be updated in-branch
Webster
Subsidiary of Webster Financial Corporation (pending Santander acquisition, announced Feb 2026)
websterbank.com →
Phone1-800-325-2424
Mailing Address
200 Elm Street, Stamford, CT 06902
Fiduciary & Trust Services (Webster Private Bank)
Phone1-800-325-2424
Mailing Address
200 Elm Street, Stamford, CT 06902
WebsiteLearn more →
Phone1-800-325-2424
Mailing Address
Webster Bank, N.A., 200 Elm Street, Stamford, CT 06902
Verified Mar 2026
Preparing your Webster 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 15 product types, Webster 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.
Webster Value CheckingWebster Choice CheckingWebster Premium CheckingWebster Private CheckingWebster Personal SavingsWebster Money MarketWebster Private SavingsWebster Private Money MarketWebster Certificate of DepositWebster Private CDWebster Health Savings Account
1Visit a Webster Bank banking center with government-issued photo ID
2Request a POD (Payable on Death) beneficiary designation form
3Provide beneficiary details: full legal name, date of birth, Social Security number, and relationship
4Specify primary and contingent beneficiaries with percentage allocations
5For trusts as beneficiary: provide trust name, date established, and EIN
6Complete and sign the beneficiary designation form
7Banker processes the designation on your account
Required Documents
- Trust name, date established, and tax ID (EIN or SSN)
Special Requirements
- No rights vest in designated beneficiaries until the death of the account owner
- Account owner can change beneficiaries, change account types, withdraw funds, or close the account at any time
- Most recent beneficiary designation supersedes and replaces any prior designation
- For joint accounts: owners hold as joint tenants with right of survivorship
- Beneficiary designations supersede a will in many cases
- For pension plans, a spouse must be primary beneficiary unless waived in writing
- POD accounts pass outside the probate process
Webster
Subsidiary of Webster Financial Corporation (pending Santander acquisition, announced Feb 2026)
websterbank.com →Phone1-800-325-2424
Mailing Address
200 Elm Street, Stamford, CT 06902
Fiduciary & Trust Services (Webster Private Bank)
Phone1-800-325-2424
Mailing Address
200 Elm Street, Stamford, CT 06902
WebsiteLearn more →
Phone1-800-325-2424
Mailing Address
Webster Bank, N.A., 200 Elm Street, Stamford, CT 06902
Verified Mar 2026
Estate planning documents for Webster customers
Free documents designed to protect your Webster accounts.