Estate planning at Woodforest
How to protect 14 Woodforest accounts — manage beneficiaries in-branch, fund a trust in-branch, and file death claims
Woodforest National Bank, P.O. Box 7889, The Woodlands, TX 77387-7889
Woodforest National Bank, P.O. Box 7889, The Woodlands, TX 77387-7889
Death Claims
Woodforest National Bank, P.O. Box 7889, The Woodlands, TX 77387-7889
Woodforest offers 14 consumer accounts that interact with estate planning in distinct ways. Of those, 12 can name a trust as beneficiary or be retitled into a trust. Understanding the transfer methods available for each account type helps families keep assets out of probate and ensure they pass to the right people.
Woodforest handles beneficiary designations in branch, by mail, and by phone. Accounts can also be retitled into a trust to keep them out of probate entirely.
There are two sides to estate planning at Woodforest: setting things up while you're alive, and the process survivors follow after a death.
Preparing your estate
Beneficiaries and trust funding
How to update beneficiaries in-branch, fund a trust in-branch, and review 14 account types at Woodforest.
View details →When someone dies
Death claim process
4-step process, 8 required documents, and contact information for survivors.
View details →Woodforest operates in select states, so estate planning procedures may vary by location. Confirm availability in your state before initiating trust funding or account changes.
Frequently asked questions
Yes. Woodforest National Bank is FDIC insured. POD beneficiaries qualify for separate FDIC insurance coverage of up to $250,000 per beneficiary per depositor. Trust accounts are also FDIC insured based on the number of qualifying beneficiaries, up to the maximum allowed by law.
Visit a Woodforest branch with your Certification of Trust (or full trust agreement), government-issued ID for all trustees, and the trust tax identification number (SSN for revocable trusts, EIN for irrevocable trusts). A banker will complete the trust account application and retitle the account. Both revocable and irrevocable trusts are accepted. IRA accounts cannot be retitled to a trust.
Yes. You can name a trust as primary or contingent beneficiary of a Woodforest Traditional or Roth IRA. Provide the trust name, date of trust, trustee name, and trust tax identification number. IRA beneficiary changes require a separate IRA-specific beneficiary designation form, which you can obtain at a branch or by calling 1-877-968-7962.
Sources
Data sourced from Woodforest primary sources (18 pages reviewed). How we research.
Woodforest National Bank, P.O. Box 7889, The Woodlands, TX 77387-7889
Woodforest National Bank, P.O. Box 7889, The Woodlands, TX 77387-7889
Death Claims
Woodforest National Bank, P.O. Box 7889, The Woodlands, TX 77387-7889
Estate planning articles
Learn how to protect your Woodforest accounts and other assets with trusts, beneficiary designations, and estate planning documents.
