Agenda Packet - Laserfiche WebLink

Home Browse Search

UNIFORM SINGLE -PARTY OR MULTIPLE -PARTY ACCOUNT SELECTION FORM, NOTICE, The., type of account you select may determine how property passes on your death. Your will may not control the disposition of funds held: in some. of the following accounts. You may choose to designate one or more convenience signers on an account, evert if the account is not a convenience account. A designated convenience signer may make transactions on your behalf during; your lifetirner but does riot own the account during your lifetime. The designated convenience signer owns the account on. your death only if thp, convenience. signer is also designated as a P.O.D. payee or trust account beneficiary. Select one of the following accounts by placing your initials next to the account selected: (1) SINGLE -PARTY ACCOUNT WITHOUT °'P,O.D." (PAYABLE ON DEATH) DESIGNATION. The party to the account owns the account. On the death of the party, ownership. of the. account passes as a tnitlots part of the party's estate under the party's will, or by intestacy. (2) SINGLE -PARTY ACCOUNT WITH "P.O.D." (PAYABLE ON DEATH) DESIGNATION The. party to the account owns the account, On the death of the patty, ownership of the account passes tea the rnrtiars P.O.D. beneficiaries of the account. The account is not a part of the party's estate, (3). MULTIPLE -PARTY ACCOUNT WITHOUT RIGHT OF SURVNORSHIJ ". The parties to t1w account own the account in proportion to the parties' net contributions to the account. The financial` institution fnitiafx may pay any sum in the account to a party at any time. On the death, of a party, the party's ownership of the account passes asg a. part of the party's estate under the party's will or. by intestacy, V i (4) MULTIPLE -PARTY ACCOUNT WITH RIGHT OF SURVIVORSHIP, The parties to the account _ r „ own the account in proportion to the parties' act contributions to the account. The financial institutti on maypay t^i'iar^ any sum in the account to a party at any time, On the death of a party, the party's ownership of the account passes to the surviving parties. (S) MULTIPLE -PARTY ACCOUNT WITH RIGHT OF SURVIVORSHIP AND, P',O,D, (rAYABLE ON DEATH) DESIGNATION. The parties to the account own the account in proportion: to. tGe parties" net- contributions etcontributions to the account. The financial institution may pay any sum in the account tQ a party Al any, time', On the death -of the last surviving party, the ownership of the account passes to tate P,O,D. beneficiaries, (6) CONVENIENCE ACCOUNT. The parties to the, account own the account, One: or more convenience _ signers to the account may make account transactions for a party. A. convenience. signer dQes not own the, rnniars account. On thedeath of the last surviving; party, ownership of the account passes as a part of the fast surviving party's estate under the: Iast surviving party's will or by intestacy, The. financial institutiort may pay funds in the account to a convenience signer before the financial institution_ receives notice of the death of the last surviving party; The payment to a convenience signer does not affect the. parties' ownerMip of tba account. (7) TRUST ACCOUNT. The patties named as trustees to the. account own the account hi proportion to the parties' net contributions to the account. A trustee may withdraw funds from the account, A beneficiary, may. Indials not withdraw funds from. the account before all trustees are deceased. On. the deatit of the last surviving trustee, the. ownership of the. account passes to the beneficiary: The tntst account is not a part of a trustee's estate. and, does not pass under. the trustee's will or by intestacy„ unless the trustee; survives al[ of the: beneficiaries and all othertrustees. ACIfNOWLEDGMENT. I acknowledge. that I have read each paragraphof this form and have received. disclosure of the ownership rights to the accounts listed above. I have placed my initials next to the type of account I want, ✓ VOLANDA HILL at CAROL WALLACE HILL ate f1,'fsstSt rC=pffanee Solutions 2018-2025 V.8005-0 tgg43g., 2025.49.0.2; Uses t470adyl. - 6ranch 066 Page ] of 1 Aneeat. SetgCft.1:9m1- 441443 Y�SIi@�1 71136111,IIIIi1NI�IHII�5I5�IIA'liOfl Ig911�V�IIIIIdiYI�5IPIN�I�IId�0Itl3JIIINI�I�IBN�0. 2 5SIE