Thread Starter: Deputy Dawn
Title: Re: In Trust For?
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In our state, that type of titling is what is used for revocable trusts, accounts withe beneficiaries. The way I would read that check is the Estate of Jane Doe is the beneficiary of John Doe. The money belongs to him, but any money remaining in the account upon his death would belong to the Estate of Jane Doe.
I haven't come across an account that lists an entity as a beneficiary, but my banking experience is only 5 years at a community bank
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