Latest Operations - Joint Accounts/Tenants Topics

TIN on joint trust

10/14/2018

If there is more than one grantor/trustee, as in a joint trust, upon the death of the grantor whose SSN was used, can the SSN of the surviving grantor then be used?

Adding 3rd Person on Joint Checking Account

07/01/2018

Can either owner of a joint checking account add a third person on their own authority alone?

Joint Standard DDA Safe Deposit Box or SAV Acct?

09/24/2017

I cannot find the answer to this question anywhere - Joint standard DDA, safe deposit box or SAV account; when the bank has knowledge that one of the account holders has died, are we in violation if we do not change the title/ownership on the account? Widow would like to leave her husband on the account (he is primary)?

Difference b/w Joint as Tenants & Survivorship

06/18/2017

When dealing strictly with spousal accounts, is there any difference between Joint as tenants by the entirety or joint with survivorship?

Can a Joint Account Have a POD?

03/12/2017

Can a joint account have a POD?

Requirements for a Valid Joint Tenancy

02/26/2017

Joint tenancy - deposit account: What are the requirements for a valid joint tenancy? Can a baby be a joint tenant with his parents?

US citizen 1st As Acct Holder for 1099 Purposes

01/29/2017

I need to know what law pertains to placing a US citizen first as an account holder for 1099 purposes when they have a jointly held account with a non-resident alien who does not have a tax identification number? Can someone point me in the direction of any law that states this?

POD to Revocable Trust: Joint Account

11/06/2016

We have a husband​ and ​wife ​who want to open a checking account. They would like to make it payable on death to a revocable trust in their names. Is this possible?

Deposit Checks Into Joint or Open Estate Account?

07/19/2015

We have a customer that passed away in April, but we have checks dated March, the month before. Can we deposits those checks into a joint account instead of opening an Estate Account?

CTR Filing - Withdrawals by Joint Owners

07/05/2015

Mr. and Mrs. Smith are joint owners on their checking account. Mr. Smith goes to Branch A at 9:00am and withdraws $7K. Mrs. Smith goes to Branch B at 2:00 and withdraws $7K. Do we file a CTR? We do not have specific knowledge of either spouse benefiting for the other spouse's withdrawal.