In a Family trust, is the successor trustee acknowledged as the POD of the trust? Does this need to be stated within the trust?
In regards to PODs. Customer dies and has numerous CD's with the same POD. The POD isn't ready to close the CD's. Do the CD's continue to collect interest? When they mature do they just roll over until the POD collects? Usually the customer is barely at the funeral home before POD's are making their claims. Different situation.
We have an individual who was a beneficiary of her husband's IRA. An account was set up as a beneficiary account with her as beneficiary of her husband. Now she wants to take that IRA and treat it as her own. Can she do this?
Can you have a beneficiary on a non-interest bearing account?
Is a Beneficiary entitled to other information on the account other than balances?
Can an owner on a joint ownership Certificate of Deposit be removed by the other owner and made a beneficiary in the middle of the term?
What are the rules/penalties for a UTMA account in Texas, when a custodian redeems funds from an account if the child is over 25?
We have a customer that wants to cash a check with this verbiage in the payee designation: "John Doe TTEE Jan Doe Trust DTD 12/28/1972." What is the correct endorsement on this check? What endorsements are required on cashing a check payable to a name AND name JWROS account?
When cashing in a certificate of deposit that the owner is deceased, do the POD beneficiaries need to sign the CD or any other form?
Can a sole owner account with a beneficiary change to a conservator account? Also, can the beneficiary remain on the account?