After a big change in your life, take a moment to update your paperwork and make other necessary changes. It can be anything from the emergency contact on your phone to your last will and testament.

When you open a Flagstar savings account, we’ll ask you to name one or more beneficiaries. That tells us where you’d like the money in the account to go when you pass away. Naming a beneficiary is not required, but it can save your loved ones time and keep the account from going through probate.

How to you add or change the beneficiary on your Flagstar account?

It’s easy. Just stop by a branch or call and give us the name, address, and date of birth for each beneficiary. Then, make sure the beneficiaries know about the account.

Is it fun to think about life after you?

No, but it only takes a few minutes to take care of someone who’s important to you.