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Beneficiary on an Estate of Conservatorship Acct.

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A ninety-seven year old widowed customer was brought in by one of his sons to change the register on his account. Our customer's wife had passed and he removed her and added the son as beneficiary to his now sole ownership account. Six months later the same son was granted Conservatorship over his father and changed the register to "Estate of..." Should we leave the beneficiary on an Estate of Conservatorship account?

Without being familiar with your State laws, talk to your legal counsel.

First published on 09/29/2019

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