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Phil, West Chester
November 19, 2014 12:41:27 PM
In reply to Phil, West Chester
Hi Phil, thanks for connecting with us through TD Helps. It's good you came to us with your questions about executorship.
In the unfortunate event of a Customer’s passing, it's important for TD Bank to assist the family and Executor/Administrator with our Customer’s account(s). An Executor or Administrator of a decedent’s estate may access the account and should be an individual.
In order to access the account or close the account of the deceased Customer, the Executor or Administrator must provide the following documentation to a TD Bank Store:
Photo identification, copy of the Death Certificate, and an original 'Certificate of Letters Testamentary' or 'Letters of Administration' with raised seal dated within 60 days, and a 'Letter of Instructions' signed by all the Executors or Administrators (with signature guaranteed by another financial institution). The Death Certificate will provide the date of death if the date-of-death balance for the account is needed.
Please keep in mind – these documents can vary by State. Therefore, we recommend that you visit a TD Bank Store or give us a call directly at 888-751-9000 to speak with a Customer Service Representative to confirm if any additional documentation may be necessary. For Store locations and hours, please visit: http://bit.ly/TDStores.
Something you can do in preparation without having a formal Executor or Administrator appointed is to add a Beneficiary to your account(s). If added, you will remain the owner of the account until you pass. After which, the funds in the account will be disbursed to the individual(s) you have named as Beneficiaries. To add a Beneficiary, you would need to visit a TD Bank Store and bring the name, address, and date of birth of each individual. They would not need to go into the Store with you to do this. This is a great option if you would not like your family to wait to have an Executor/Administrator officially appointed.
Hope this helps Phil. If you have any other questions, please reach out to us again. Have a great day!
LiShu R, mount laurel
November 19, 2014 12:46:51 PM