When an account has multiple POD beneficiaries can it be without rights of survivorship at the owner’s death? The owner has three children and if one of them predeceases him, he would like for that child’s portion to go to the child's estate at his or her death.
If a deceased customer leaves an account with no co-owner or POD what steps should the bank take in identifying how the funds should be disbursed?
A customer's husband passed away eight years ago. She wants to present multiple checks made payable to the estate of "husband's name" and her. She wants cash for them, but has no accounts with the estate and her name. She claims she did not settle his account with an attorney. Can we accept these checks for cash or deposit? What documentation do we need to properly do this?
We have a customer who passed away approximately two months ago. The representative that has been assigned to the estate has opened an estate account and requested copies of deposits from six months in 2006 and all of 2007 on the old account that was closed after our customer passed away. We're not sure how comfortable we are in releasing that information to the estate representative. Are there any guidelines that you're aware of that would help us decide whether or not to release that information?
If a treasury check is payable to two people and one dies, what does the surviving payee have to do to negotiate the check?
A recently deceased customer jointly owned a checking account with his daughter. His daughter came in with a stimulus check made out to only the deceased father. She would like to deposit it in the account she is a joint owner on. We would not allow this. Even though he is deceased she is questioning why he would not be entitled to this payment.
How does a person properly endorse a U.S. Savings Bond when the owner is deceased? (The person was the personal representative of the deceased.)
What are the penalties if a bank goofs up and places a loan ad in the paper that says $500 down and leaves off the proper disclosures that are required for trigger terms?
We had a 68 year old customer who died and left his IRA to his 102 year old mother. She also died a month later. How do I handle this?
When does a conservatorship end and if it isn't at death, what rights remain post death?