03/19/2007
Do all estate accounts have to have an EIN number even if the Personal Rep/Owner is still living?
03/12/2007
I am wondering if the Equal Housing logo must appear on a Commercial Real Estate tombstone advertisement. This tombstone announcement lists commercial real estate deals that our bank has closed over the past 6 months, promotes our commercial banking services, and is printed in a business newspaper from time to time. We do not mention, nor are we promoting, consumer loans.
02/19/2007
Can an authorized signer on a Certificate of Deposit withdraw the funds if the Primary owner dies?
01/29/2007
If the only officer of a corporation who has a business account dies, but there is another signer on the account, can that signer add another signer to the business account? How would they add someone else as an officer for the business?
11/20/2006
Are we required to have a TIN for an estate account? The account would be non-interest bearing and the executors are arguing that it is not necessary because there will be no interest paid.
11/20/2006
The administrator of a deceased customer's estate wants to review the account activity from the past year (during which time the customer was alive and did not have transaction authority on the account as the court had appointed a guardian for him). Can we refuse to disclose the account history (any transactions prior to death) to the administrator?
09/18/2006
We have an issue regarding a deposit account. The account was a joint account for a husband and wife and they both died in a car accident, so the time of death is the same. The decedents have different executors and want to settle the estate, so how do we to go about closing the account? Should we make a check payable to both estates (Example: John Doe Estate and Jane Doe Estate) or should we divide the amount in half and close with two checks, one for each estate?
09/04/2006
We have a customer with a sole proprietorship account and they have asked to add beneficiaries to that account. Are beneficiary listings allowed on sole proprietorship accounts?
08/07/2006
If someone wants to add a beneficiary (ITF/POD) to an existing account we create new signature cards so as to list the beneficiaries' names. Should we require the existing customer to re-sign the cards?
07/24/2006
Can you explain Dower Rights for a husband and wife? In a real estate loan situation we are using only the wife's income, so the Husband will have to sign the mortgage because of the dower rights.