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This is a âÃÂÃÂquestionâÃÂàthat we have.
Jul 13, 2017
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This is our “answer.”
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Previous:
We title certificate of deposit (CD) accounts that have a payable on death (POD) beneficiary with the word “trustee” next to the owner’s name. Do we have to do this? When we pay out such accounts, it causes problems to issue checks to a “trustee” when there is no formal trust.
Next:
Before reporting the contents of a safe deposit box to the State Treasurer as abandoned, we send the accountholder a notice. Does that notice have to be sent by certified mail?
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