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My parents have a CD with TD Bank. Both are deceased. My father passed in 2011 and my mother just passed away on January 2nd. What is the process to either close the CD or transfer the ownership?
Cathy, Westford, MA
January 11, 2018 09:16:39 AM
In reply to Cathy, Westford, MA
Please accept our sincerest condolences during this time.
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. In order to access the account or close the account of the deceased Customer, the Executor or Administrator must provide the following documentations 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 date of death if the date-of-death balance for the account is requested.
Please keep in mind; these documents do vary by State. Therefore, we recommend you visit a TD Bank Store, during lobby hours to speak with a Customer Service Representative for further information. For locations and hours, please visit, http://go.td.com/1f9DSJR.
We wish you the best of luck, Cathy.
Alara B, Mount Laurel
January 11, 2018 09:22:59 AM