I'd be careful about how you handle such situations, because there are certain protections that typically go with a T by E account that aren't applicable to a JTWROS account. Just obtaining a new signature card may not be a wise choice. Check with local counsel familiar with the nuances of the two forms of joint ownership and come up with a procedure that will avoid putting the bank in a sticky spot. It may be necessary to close the T by E account and open a new JTWROS account, or it might be preferable to maintain two separate accounts.
Last edited by John Burnett; 04/18/17 06:27 PM. Reason: spelling
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John S. Burnett
BankersOnline.com
Fighting for Compliance since 1976
Bankers' Threads User #8