Can a customer have a personal account and name an irrevocable trust as a POD?
What do the letters LE mean after a person's name on a check?
If a customer has an account labeled dba using the owners SSN - may a deposit be made with cash back?
How do you properly title an IOLTA Account? example: Simons & Simmons PLLC
When can we require a customer to provide a WSUD?
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?