One of the simplest but most important steps in estate planning is to name a beneficiary for your South Jordan credit union deposit accounts. By doing this, you can spare your family complicated asset litigation in the event of your death.

By naming a beneficiary you give your South Jordan Beehive member credit union permission to release your funds and close your accounts at the request of your beneficiary upon their providing proof of your passing. As long as you are alive, the account is completely under your control. The beneficiary has no claim on the assets. You always have the option to name a different beneficiary, withdraw the money, or close the account.

If you are unsure of whether your account at South Jordan Beehive Credit Union has a beneficiary named, please contact us. We are a member first credit union and are happy to check your account for you and provide the forms necessary to name a beneficiary.

If you are considering setting up a trust or an estate plan, it is important that you discuss beneficiaries with your legal professional. Your documents may provide for beneficiaries, and there may be important instructions regarding the naming of beneficiaries.

South Jordan is proud to be a Utah credit union with deep roots in the community. We have been serving Utah families for over fifty years. For more information on naming a beneficiary, call branch manager Eileen Skiles or any one of our friendly account specialists at 801-484-8811.

South Jordan