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My mom died. She had two accounts with TD, Ameritrade. One was an IRA that she was recieving money from annually. One was a stock account. Sister executrix is saying we have to set up an account with you to get half annuity that is outside the estate n half that is. She is 68, but I am just 54. Can we just liquidate my half of the stocks instead? Does it all need to go into an investment of an IRA? What's right for her may be very wrong for me.
Renee, Santa Clara
March 8, 2017 11:55:32 AM
In reply to Renee, Santa Clara
We offer our sincere condolences, Renee. We'd be glad to help you with the next steps.
As you mentioned that your sister is the Executor of your mother's account, we ask that she contact the TD Store in which your mother opened her IRA account. If you're unsure of this information, we recommend reaching out to a TD Store directly. Take a look at more information in regard to our TD Store locations here: https://go.td.com/1nq31dc.
If you have any questions specifically in regard to an IRA please contact our IRA department at 800-231-8193 (Option 4), during normal business hours.
If your mother had IRA accounts with TD Ameritrade, we recommend reaching out to them directly for assistance. You are able to contact them 24/7 by dialing 800-400-3603.
To answer your question, an estate account is used to hold and manage the funds of a deceased person. These can be opened by the Executor, Administrator or Personal Representative of that person's estate.
In the unfortunate event of a Customer’s death, it is important for TD Bank to assist the family and/or the Executor/Administrator with our Customer’s account(s). An Executor or an Administrator of a decedent’s estate may access the account. If your family is in need of an estate account, the Executor or Administrator can provide the following documentations to a TD Bank Store to open one: 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 date of death if the date-of-death balance for the account is requested.
Please keep in mind that these documents do vary by State. Therefore, we recommend you call your preferred TD Bank Store to speak with a Representative about what may be needed, prior to visiting.
If we can assist you again, please feel free to write to us anytime! We hope this helps.
Shanika A, Mount Laurel
March 8, 2017 11:56:02 AM