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

    Aug 3, 2008, 12:58 PM
    Certificate of Deposit Ownership
    My sister and I have a small inheritance, gifted to us jointly by our father. It was in an investment account as Joint Tenants, With Right of Survival going to our children upon our deaths. Some of the money has been pulled from this account and put into CD's, with ownership in my sisters name In Trust For me. Does that give her total ownership to the CD, and limit my access to that money until her death?
    stinawords's Avatar
    stinawords Posts: 2,071, Reputation: 150
    Ultra Member
    		  
    #2

    Aug 3, 2008, 01:07 PM
    You would have to read the paperwork. It dosen't usually go until her death so much as until the you reach a certain age. But until you reach the mark set by the trust it is totally owned by her.
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!

Registration of a Certificate of Deposit [ 2 Answers ]

Can a Certificate of Deposit be issued with three names: ie: John Doe; POD Jane and Jim Doe?

Certificate of deposit [ 2 Answers ]

You need $28,974 at the end of nine years, and your only investment outlet is an 8 percent long-term certificate of deposit (compounded annually). With the certificate of deposit, you make an initial investment at the beginning of the first year. a. What single payment could be made at the...

Certificate of Deposit (CD) [ 5 Answers ]

Hi all, I have a quick question about CD. I know the type of CD varies by periods (6 mo, 1 yr, 3 yr, so on), but I want to know more about the detail. For example, I know that if I open up a CD with $1000 with 5% APR for a 1 year CD means I will take $1000 + 5% interest (being $50) at the end...

Certificate of deposit [ 2 Answers ]

Hi I was wanting to know about 5yrs ago my dad paid my child support I was 16 and my mom gave the check to my uncle and he put the check into a cd for 5yrs and we don't know what bank he put it in and recently he had stroke and his memory is not good at all he doesn't remember much so I just turn...

Certificate of Deposit ownership [ 3 Answers ]

My 90 year old mother as a CD with my oldest brother listed as the beneficiary. He is the executor of the Estate. Upon her death will be have sole ownership of the money or will it become part of her Estate? Our brother has been trying to cut all the other members out of everything he can.

View more questions Search