Letter Of Instruction To Bank With A Trust In Virginia
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A letter of instruction (also known as a letter of intent) is an informal supplement to an estate plan which provides your Successor Trustee/Executor with detailed information concerning your wishes after you die.
Debt information: Include information about any debt you carry, such as the contact information for the lenders, account numbers, statements, and balances. Beneficiary information: List all of the beneficiaries included in your estate plan, and include their contact information.
Notarized Beneficiary Letter of Instruction is completed by the named beneficiary(s) listed on an account and provides instruction on where the disbursed funds should be sent or transferred.
Tell your banker you would like to transfer a bank account into a trust. Remove any existing bank account beneficiaries. Present an official copy of the trust to your banker. Sign new signature and ownership cards.
