The FI will have to continue to name the Trustor/Settlor as the account holder until they have information to demonstrate that the Trustor/Settlor has died. The discretionary beneficiaries cannot be listed until they become account holders (i.e. until they have received the distribution). The RFI must use reasonable efforts to ensure that the information they hold on the account holder (i.e. whether they are alive or passed) is accurate.