I have a customer who wants to set up a benefit account for funereal expenses for a deceased daughter. I know they need to get a TIN but what
else would I need for documentation?
What is the exact wording for a Representative Payee account for a SSDI beneficiary account?
Our customer has a Revocable Living Trust, with her son as successor trustee. Her son has had a stroke, and, although he has recovered, the trustee has named his wife as successor trustee if the son should be unable to serve. If the wife is unable to serve, she has named her grandson. If the grandson is unable to serve, she has named her granddaughter. She has presented us an amendment to her Revocable Trust stating each of these successor trustees. She is wanting us to list each of the 4 successor trustees and have them sign the signature card as such. I read the amendment as the son would be the only successor trustee. It's not until he is unable to serve that we would change the signature card to reflect the next successor trustee. Is this correct or do we list all 4 successor trustees now?
What type of account should memorial checks be deposited into?
We have a CD with a primary and a joint owner. The primary customer has passed away. The joint owner wants to keep the same CD open and switch ownership so she is primary. Would we need to get a W9 and update the CD signature card?
When I have a DBA with an EIN number, do I still use the owner's Social Security number as the reporting TIN?
Is it required for a Business that is a Corporation to have either INC. or Corp. on their account titles?
A borrower has a joint account with two names listed on the account. The names are just stacked on the account. There is not an and/or. Would you consider this to be an and/or account?
A customer wants to open an account for a fundraiser they will be doing for a child. Do they need to obtain a EIN? What is the best way to title the account?
The following question was asked before in 2004. I would like to know if the answer is still the same? Here was the question: If a sole proprietorship is styled Jane Doe dba Jane's Jeans, we would use Jane's SSN for the tax ID. If Jane's Jeans had an EIN, should the account by styled the same? I always understood the first name on the legal title should match the tax ID number.