How to name beneficiaries and fund a trust at Woodforest
Trust paperwork is taken in branch
Estate planning for your Woodforest accounts starts with understanding how each one transfers at death. Beneficiary designations and trust retitling both bypass probate, but the right approach depends on the account type, your tax situation, and how much control you want over distributions.
Woodforest offers 14 accounts, each with its own transfer rules. The sections below cover how to set up beneficiaries, fund a trust, and which products support each approach.
- Visit a branch or call 1-877-968-7962 (Monday-Saturday, 8:00 AM-5:00 PM CT) with questions about the account
- All Woodforest accounts can be opened at a branch
- Woodforest asks for the name, address, date of birth, and other identifying information of each person opening an account, and asks to see a driver's license and other identifying documents
- Woodforest requires the account's taxpayer identification number (a Social Security number or an employer identification number) and a certification that it is correct
Required Documents
- Name, address, date of birth and other identifying information (for each person opening the account)
- Driver's license and other identifying documents (for each person opening the account)
- Taxpayer identification number for the account. A Social Security number or an employer identification number, certified as correct
- Visit a branch or call 1-877-968-7962 (Monday-Saturday, 8:00 AM-5:00 PM CT) with questions about the account
What Woodforest says about beneficiaries and trusts
Each section is Woodforest's own statement, with the document it comes from numbered under Sources.
Which accounts take a beneficiary1
- Payable-on-death account
Woodforest applies the ownership form and beneficiary designation specified on its account records, and reserves the right to refuse some forms of ownership and beneficiary designations.1
What Woodforest's agreement says about beneficiaries3
- Changing or revoking a designation
Under the Terms and Conditions, the person who creates a pay-on-death account may change beneficiaries at any time.1
- What the owner keeps while living
The person who creates a pay-on-death account may change the account type and withdraw all or part of the funds at any time. A beneficiary cannot withdraw until every person who created the account has died, and only if the beneficiary is then living.1
State requirements Woodforest statesIllinois, Indiana
Which accounts a trust can hold1
- Trust account
An account may be opened and maintained by a person or persons named as trustee under a written trust agreement. Woodforest reserves the right to refuse some forms of account ownership.1
What Woodforest says about trust accounts1
- Review of the trust document
By opening a trust account, Woodforest does not act as trustee and takes on no obligation to monitor or enforce the terms of the trust.1
Not in Woodforest's published guidance3
- What the owner provides to name a beneficiary
- A beneficiary designation procedure
- A list of trust documents
Sources1
- 1.Terms and Conditions, Effective August 1, 2026
Sources
(3)·
Data sourced from Woodforest primary sources (22 pages reviewed). How we research.
Download these Woodforest instructions
A printable PDF with the steps, required documents, and contact details, verified against Woodforest primary sources. Bring it to the branch or keep it beside the phone.
Woodforest estate support
Phone
Toll-free
Customer Service (Houston)
24-Hour Account Information
Lost or Stolen Debit Card
Servicemember Assistance (Loan Operations)
Hours
Mailing address
Website
Estate requests go through general customer service.
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