Answer:
The end result of either process is the same, the trustee ends up with a check payable to the trust. One process is simple, the other is a waste of time and paper.
Successor Trustee-Trust Certif/Signature Card?
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Question:
We have been informed that our client is deceased. The account is titled (for example) John Smith - POD (POD is listed as John Smith Trust). The successor trustee of the “John Smith Trust” has provided us with a copy of the full Trust, the Will, and the certified death certificate. The successor trustee requested that the account be closed and a cashier’s check payable to the trust be mailed to his address.
Is the bank protected if we follow the instructions of the successor trustee, or are we better protected if we change the title of the account to the trust, have the successor trustee complete a Trust Certification and Signature Card and then close the account with a cashier’s check payable to the trust?
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