04/30/2012
If ITF is only for savings accounts, what happens to checking account when the owner is deceased?
12/05/2011
Can a person signing as an A-i-F on an account be added as a POD beneficiary on the same account?
05/30/2011
What is a dynasty trust?
04/18/2011
Are revocable pre-paid burial accounts those with no contract such as John Doe POD Smith Funeral Home?
04/04/2011
What CIP information is required for a beneficiary ?
04/04/2011
Where does it state that if a POD beneficiary listed is a spouse and subsequent to the designation the couple gets divorced, the POD designation is invalidated?
02/14/2011
If an account is open in a trustee's name, for the benefit of another person: 1. Does the trustee have the right to spend the money for his own private needs. 2. If there are no trust papers, and the bank sets it up anyway, is the bank liable if the trustee spends all the money.
02/07/2011
We have a representative payee account where the representative will sign a blank check drawn on the representative payee account and then give it to the beneficiary, who will then come into the bank and cash it. Are we ok to give a balance to the beneficiary and are we ok in cashing a for the beneficiary?
02/07/2011
In the state of NM can a minor account have more than one custodian? If so, is it still considered a single party account w/multiple custodians? or how do we best describe the beneficiary designation?
01/03/2011
We are faced with an account that is an irrevocable special needs trust account. There are two trustees. The beneficiary of the account is a disabled individual. The trustees are parents; the beneficiary is an (mid 30s) adult. When the parents pass away, who would have access to this account? Their lawyer couldn't seem to give them the answer. I came to the conclusion that the trustees were the only signers allowed access to the the account. The beneficiary could not access it, now or even at their death. Could you please shed some light on this?