Requesting Changes to an Existing Trust

A trust is an agreement between parties in which the trustee manages property on behalf of the trust for the benefit of the named beneficiaries. Generally, there are two types of trusts: revocable (also called revocable living) and irrevocable. A revocable trust is usually created to manage assets during the trustor/trustee's lifetime. An irrevocable trust provides for the ongoing management of assets for the trust for the benefit of a named beneficiary.*

Required Documents

• A completed Trust Account Application and Change Request Packet
• A completed Certification of Trust form

How to Provide the Documents

You have two different ways to submit your documents:

• Find a location to submit in person.
• Mail to:
  
  BECU Account Servicing M/S 1094-2
  P.O. Box 97050
  Seattle, WA 98124-9750

Application Process

The change request review and approval process takes approximately two business days after we receive the required documents.

Important Information

• The Social Security number (SSN) is required for the acting trustee(s) and the Taxpayer Identification number (TIN) is required for the Trust.
• BECU is generally able to convert personal accounts to Revocable Trust accounts with the exception of Member Share Savings and Member Advantage Savings.
• Personal Member Share Savings accounts cannot be closed if there are existing loans. Other conditions may apply.
• Account types that are available for trusts: Member Share Savings, Savings, Checking, Money Market, and Certificate of Deposit (CD).
• If a revocable trust is being established for a Home Equity Line of Credit (HELOC), please call BECU at 800-233-2328 or visit a BECU location near you for more information.
• Trust accounts are not eligible for Member Advantage.