06/16/2014
If a couple has a revocable living trust with and in the title and one person passes away, does the survivor need to get an new trust in their name only?
05/12/2014
Can there be an authorized signor on a trust account if the person is not listed in the Trust nor has a POA?
04/14/2014
Does an account with an EIN have to be classified as a business account? I am specifically asking about trusts and estates.
02/24/2014
What part of the trust documentation is need to open an account?
01/20/2014
When a customer wants to open an Irrevocable Income Only Trust, should they use their SSN or TIN?
12/09/2013
Does a trust become irrevocable when the grantor/trustee become incapacitated?
10/28/2013
When the grantor of a Medicaid Income Trust dies, what happens to any funds remaining in the account?
06/04/2012
Can an Attorney-in-Fact change a Payable on Death beneficiary on an account if the Durable Power of Attorney document does not specifically speak to that? Part Two: If an account currently has a POD beneficiary designation in the account title and we are now retitling the account to Jane Customer by Joe Smith, Attorney-in-Fact, where does the POD designation go in the revised account title?
10/04/2010
In the past, we have allowed grandparents to open savings accounts for their grandchildren with the grandchildren being the primary owners and the grandparents as secondary. They would have the child's social security number. They would sign the child's name,(child is unable to sign due to age). Relative to CIP purposes can this still be done?
03/08/2010
In order for our customers to get the appropriate FDIC coverage for revocable trust accounts, how should an account be titled that has multiple beneficiaries, ssing the word "or", "and" or nothing at all? For example:1) Jane Smith ITF - John Smith, Dave Smith, Paul Smith2) Jane Smith ITF - John Smith, or Dave Smith or Paul Smith 3) Jane Smith ITF - Jane Smith and John Smith and Dave Smith Does it become the bank's responsibility to divide the estate equally between all beneficiaries upon a death?