Cd Accounts

ray_d | Jun 9, 2016 | 5 posts since 2016

how do I cash a cd my mom had but forgot to put a beneficiary on it before she past in feb. this year?

Answers

Ally6770 | Jun 10, 2016 | 4,292 posts since 2010

The state she lived in has laws that take care of people who have no wills, It will go through
probate. Take a death certificate and go to your county building and they will guide you on what and how things have to go forward.

ray_d | Jun 10, 2016 | 5 posts since 2016

thanks for your comment I will try that.

alan1 | Jun 10, 2016 | 876 posts since 2015

Wait a second -- the post says there's no beneficiary on the CD. It doesn't say that the CD owner died without a will. If there's a will, the executor deals with probate property. If there's no will, in most states an administrator needs to be appointed to deal with probate property.

ray_d | Jun 10, 2016 | 5 posts since 2016

there is a will and it appoints my step sister and i as executors . the cd is from washington federal and my mom lived in nevada, i live in arkansas and my step sister lives in no. caralina.washington fed will not help at allwill not even say how much the cd is valued at.

Shorebreak | Jun 11, 2016 | 4,039 posts since 2010

A family member or legal representative needs to contact the bank as soon as possible about the account holder's death. The bank also needs a copy of the official death certificate, which you can send in person or by fax. The bank will keep a copy of the certificate on file in case beneficiaries come calling for the funds. The beneficiary needs to show the bank a filed Letter of Appointment for the executor of the estate, or an Affidavit of Distribution of Property. They can ask the bank for the inheritance or to close the account, but the bank won't budge without seeing one of those official papers. Once all the funds are gone, the account is officially closed.

http://budgeting.thenest.com/close-bank-accounts-after-death-26980.html

ray_d | Jun 11, 2016 | 5 posts since 2016

the bank mas been given a death certificate and a copy of the will and still will not do anything

Ally6770 | Jun 11, 2016 | 4,292 posts since 2010

A will cannot be processed without going through probate. You need to go to the county building. They will guide you.

ray_d | Jun 14, 2016 | 5 posts since 2016

thanks for every-bodies help does anyone know if we will have to get an attorney involved or can we do it ourselfs?

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.