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Is there a form of something similar that would grant them access? I do not have a will.
May 23, 2014 08:54:42 PM
Saving & Managing Your Money
2 people recommended this |
In reply to Claire, Asheville
Thanks for joining us today on TD Helps, Claire.
We understand not wanting to leave a burden for our loved ones and want to let you know that you can help them in finalizing your affairs well in advance.
One of the things you can do in preparation is to add a Beneficiary to your accounts. Once complete, you will remain the owner of the account until you pass. After which, the funds in the account will be disbursed to the individuals 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. You can find the closest location to you by visiting http://bit.ly/TDStores.
Even without a Beneficiary in place, your family can still finalize your affairs. They would need to be named the Executor or your affairs once you pass. Once a relative is named Executor, they would take the document with them to a TD Store, along with their photo ID, and finalize any remaining accounts in your name.
We hope the information is helpful. Please feel free to reach back out should you have further questions.
Sandy D, Mount Laurel
May 23, 2014 08:56:29 PM
In reply to Sandy, Mount Laurel
Sandy......can I go to any TD branch to take care of this? I have been named Executor of my sister's estate.
I have the Death Certificate and Letters Testamentary. Obviously, I also have my drivers license as a photo ID.
Can I transfer the funds from her existing account to a new account in the name of the Estate (I have a TAX ID number for the estate).
thanks in advance
Steven, Woodcliff Lake
June 26, 2014 05:43:55 PM
In reply to Steven, Woodcliff Lake
Thanks for joining us here at TD Helps, Steven.
Sorry for your loss, we know it must be a tough time so we want to make your process of setting up an Estate Account as easy as possible.
To close her old account and set up the Estate Account, as the Executor, you would need to provide your photo identification and since the documentation required does vary depending on the state in which your sister passed away, please contact the local Store in that State for more information. For hours, locations, and Store contact number, please visit http://bit.ly/TDStores.
We hope this information helps and have a wonderful day.
Sandy D, Mount Laurel
June 26, 2014 05:45:19 PM
What happens if the deceased person had no will, no executor?
Also assuming a loved one had access to all the accounts, can the relative still access the funds to cover costs?
What are the next steps?
April 25, 2016 10:12:55 PM
In reply to Scott, Midland
Thank you for joining the conversation, Scott. We'll be sure to address your question this evening.
Since it would depend on the state in which the deceased person passed, we recommend contacting your local TD Bank during lobby hours for more information. Click here: http://bit.ly/TDStores to find a TD Bank near you.
Additionally, we recommend reviewing the information mentioned in the previous responses as it goes over the necessary documents needed to gather final affairs and it provides information on how to set up beneficiaries on the account.
If you should have any questions, feel free to connect with us 24/7 at 888-751-9000. We hope this helps and have a good night, Scott. Take care.
Katherine G, Mount Laurel
April 25, 2016 10:13:56 PM