FDIC rules in 330.10 require that the POD or ITF or revocable trust designation be included in the account title, but that can include a code in the institution's electronic records of the account. It doesn't have to be spelled out on a signature card (although frankly the customer's intent is best established in such a place), a statement or a trial balance printout.
As for the apportionment, I can only second BrendaC's comments, and add that some states only permit one beneficiary per account (which customers often don't like, but it makes matters easier for the bank).
Last edited by John Burnett; 12/10/10 07:44 PM.
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John S. Burnett
BankersOnline.com
Fighting for Compliance since 1976
Bankers' Threads User #8