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#2186533 - 07/23/18 08:42 PM Deceased wishes
Anonymous
Unregistered

Our customer died with funds in a deposit account and documented POD to funeral home.
The particular funeral home is no longer a going concern but was purchased by another entity funeral home. What is the proper status of distribution rights of that account ?
Is there a bank responsibility to 'decide' that funds can go to the new entity funeral home , or would the funds resort to the customer's estate ?

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#2186554 - 07/23/18 10:03 PM Re: Deceased wishes Anonymous
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 79,637
Galveston, TX
State law question - ask your legal counsel what to do.
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The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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#2186616 - 07/24/18 04:18 PM Re: Deceased wishes Anonymous
Anonymous
Unregistered

Thanks rlcarey,
Did know that answer smile but hoped to get some input from peer banks since it must be rather common.

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