What happens when customers die?

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Question:

Our customer wants to set up a CD with titling Bob or Betty and Bill and Bob. Is this possible?

Answer:

This is an old-fashioned styling and there are many good reasons not to set up accounts this way, including the fact that it is ambiguous. Usually the customer is trying to make sure the children get the funds equally when the account holder dies. There are other alternatives that accomplish the objective with more certainty.
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Learn more about Deborah Crawford’s webinar Personal Accounts: Vital Questions