How do I add a beneficiary to my Fox Communities Credit Union accounts?
Adding beneficiaries to your Fox Communities Credit Union accounts can save your family headaches during heartache
It may be somewhat entertaining when you see it in a soap opera or on the big screen, but family drama surrounding what to do with the assets of someone who’s passed away is not something anyone wants to go through in real life. Thankfully, there are ways to mitigate those types of discussions, with the most important step being comprehensive estate planning. Naming a beneficiary to your Fox Communities Credit Union account can also help.
WHY DO I NEED TO ADD A BENEFICIARY TO MY FOX COMMUNITIES CREDIT UNION ACCOUNTS?
You don’t technically need to add a beneficiary to your Fox accounts – there’s no law that requires it, and comprehensive estate planning can cover everything you need covered – but it’s definitely something you want to discuss as you plan your estate. If, during the course of those discussions, you decide adding a beneficiary to your Fox accounts is a needed aspect of your comprehensive estate planning, then all you need to do is come on in and let us take care of the rest. And don’t worry – just because we have been using the singular form of beneficiary, you can actually add as many beneficiaries to your accounts as you want. So, if you’ve got three kids, you can add all three – and so on and so forth.
We know this isn’t a topic many like to talk about, but it’s an important one that needs discussing. And if your comprehensive estate planning highlights the need for beneficiaries added to your Fox accounts, all you need to do is come on in to one of our Fox branch locations or reach out to our staff. You can also contact our Investment Services team with questions about investments.
***Fox Communities Credit Union does not provide legal advice. The designation of beneficiaries is not a substitute for comprehensive estate planning. Fox encourages you to consult with your estate planning professional to see if beneficiary designation can assist with your comprehensive estate plan.***
Fox Communities Credit Union is a full-service, not-for-profit financial institution serving members throughout Eastern Wisconsin, including Appleton, Green Bay, Oshkosh, Manitowoc, and Milwaukee.