Ask Experts Questions for FREE Help !
Ask
    jmarkland's Avatar
    jmarkland Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Feb 6, 2009, 02:17 PM
    How a cd works
    If you own a CD with it having a joint ownership(2 people) and the CD has beneficiaries. If one of the owners dies how does the CD work? Does the other owner become full owner of the CD or does the money in the CD go to the beneficiaries?
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #2

    Feb 6, 2009, 03:10 PM

    Depends on how ownership is worded. If its joint tenants with right of survivrship the joint tenant gets it. If its tenants in common, the beneficiares may be entitled to the deceased owner's share.
    KISS's Avatar
    KISS Posts: 12,510, Reputation: 839
    Uber Member
    		  
    #3

    Feb 6, 2009, 08:36 PM

    Can also be worded POD name or Payable on Death or ITF for In trust for.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

If "Faith without works is dead" What do you consider works? [ 30 Answers ]

We have all heard the biblical quote of "Faith without works is dead". So, what then exactly are these works? Many people say that simply beign a good Christian and regularly gong to church are works. But how can that be works? How can sitting in church each week and being a good person be...

Can I, and how, move files from MS Works 3.5 to Works 9. [ 3 Answers ]

How can I move my spreadsheet files from MS Works 3.5 to Works 9?

Remote works, light works, fan humms does not turn [ 2 Answers ]

Hello, I have a Hamton Bay fan with a remote/no pull chain. The light on the remote comes on and does properly operate the light on the fan. It also turns on and off a humming noise but there is no movement from the fan itself. Of course, the house did not come with an owners manual. Is...

Ms works database to ms works spreadsheet [ 2 Answers ]

Have tried copy/paste but I get a message stating "make sure the destination area is as large as the info you wish to paste" .Anyone help please?

View more questions Search