Estate planning options at WesBanco
Preparing your WesBanco 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.
The transfer rules at WesBanco vary across 13 accounts. Below is a breakdown of beneficiary options, trust funding, and which products support each method.
- The owner of an In Trust For or Payable on Death account may change the named beneficiaries at any time by a written direction to WesBanco
- Customer Service: 800-905-9043, or any WesBanco banking center
Required Documents
- Written direction naming the beneficiaries (to change the named beneficiaries)
- Schedule an appointment at a local WesBanco banking center, or call Customer Service at 800-905-9043
- The owner of an In Trust For or Payable on Death account may change the named beneficiaries at any time by a written direction to WesBanco
- Customer Service: 800-905-9043, or any WesBanco banking center
Required Documents
- Written direction naming the beneficiaries (to change the named beneficiaries)
What WesBanco says about beneficiaries and trusts
Each section is WesBanco's own statement, with the document it comes from numbered under Sources.
How many beneficiaries, and how shares are split
- All accounts
Two or more surviving beneficiaries own the account in equal shares without right of survivorship, unless the account indicates otherwise. Named beneficiaries are treated as primary unless indicated as contingent.1
What WesBanco's agreement says about beneficiaries3
- Changing or revoking a designation
The owner of an In Trust For or Payable on Death account may change the named beneficiaries at any time by a written direction to WesBanco.1
- What the owner keeps while living
The owner may withdraw all or part of the deposit at any time. A withdrawal revokes the designation as to the amount withdrawn.1
- A beneficiary who dies first
A Payable on Death beneficiary may withdraw only after all owners have died and only if the beneficiary is then living.1
Which accounts a trust can hold1
- Trust account
WesBanco's Personal Deposit Account Agreement covers accounts set up as trust accounts and states that the owner is responsible for determining the legal effects of opening and maintaining one.1
WesBanco's $300 WesBanco One account-opening offer excludes accounts titled as trust accounts.2
What WesBanco says about trust accounts1
- Review of the trust document
WesBanco's Business Deposit Account Agreement reserves the right to require the documentation necessary under applicable law to establish, maintain, manage and close a trust account.3
Accounts handled elsewhere1
- WesBanco Trust and Investment Services
Personal trust services and estate administration services through its trust officers4
Not in WesBanco's published guidance1
- Which trust documents it accepts
Sources
(1)·
Data sourced from WesBanco primary sources (24 pages reviewed). How we research.
Download these WesBanco instructions
A printable PDF with the steps, required documents, and contact details, verified against WesBanco primary sources. Bring it to the branch or keep it beside the phone.
WesBanco estate support
WesBanco Trust and Investment Services
Website
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