Most Popular Operations Content
Account Ownership Change
12/10/2007
Can a existing joint account be changed to an individual account with the consent of other person, or does the account need to be closed and a new account opened?
IRA Changes
12/10/2007
Who notifies banks of law changes on IRAs and when were the last changes implemented?
Death of UTMA Custodian
12/10/2007
We have a UTMA account set up by a grandmother as custodian, with no successor custodian. The grandmother dies and the minor is only six years old. Can a parent become the custodian as legal guardian?
BSA Board Training
12/10/2007
How in-depth should the training be for the Board of Directors in BSA? Is a general overview of BSA/AML/CIP along with an overview of the procedures in place sufficient for compliance?
IRA Payout to Contingent Beneficiary
12/10/2007
We have a primary owner (wife) on an IRA who has named her husband as primary beneficiary on her IRA. Her son is named contingent beneficiary. The husband died (who is primary beneficiary) and then a few months later the primary owner (wife) of the IRA died. The only person alive now is the contingent beneficiary. What options does he have on the payout of this IRA? How should the distribution be done and made payable to?