ny2prowler
Junior Member
What is the name of your state (only U.S. law)? NY
Hello, I have a question about a custodial bank CD.
My mother past away 6 months ago. I found out that she created 3 custodial CD's for my 3 daughters. She did not leave a beneficiary, or a second custodial to the account. The bank will not release the money to my daughters or myself because I am not a custodial on the account.
I have received 3 different answers from the bank to resolve this.
1. Go to court.
2. Have my daughters sign papers to give me custodial rights.
3 Have my older sister who is now head of the estate to sign over the rights.
Please advise on what is the best way to have me as the custodial of all three accounts.
Thank you
Hello, I have a question about a custodial bank CD.
My mother past away 6 months ago. I found out that she created 3 custodial CD's for my 3 daughters. She did not leave a beneficiary, or a second custodial to the account. The bank will not release the money to my daughters or myself because I am not a custodial on the account.
I have received 3 different answers from the bank to resolve this.
1. Go to court.
2. Have my daughters sign papers to give me custodial rights.
3 Have my older sister who is now head of the estate to sign over the rights.
Please advise on what is the best way to have me as the custodial of all three accounts.
Thank you