Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Old 03-21-2008, 09:20 PM   #21
Thinks s/he gets paid by the post
Goonie's Avatar
Join Date: Oct 2006
Location: North-Central Illinois
Posts: 3,217
Originally Posted by Khan View Post
I will have to check with the credit union, but in general: can I assign a beneficiary to an existing CD?
I'm fairly certain that you'll be able to, as a CD is pretty much like any other bank or credit union account. You're not changing the terms or conditions of the CD, only adding a beneficiary.
Goonie is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 03-22-2008, 03:35 AM   #22
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2005
Posts: 5,466
make sure your state recognizes a brokerage tod ,(transfer on death) beneficiary request on taxable accounts .. some states still require anything except bank accounts to go thru probate despite having a beneficiary. iras and 401k's arent an issue

until last year new york was one such state. even though i had elected beneficiarys on my taxable brokerage account for decades technally the brokerage wasnt supposed to follow that request in new york.

the fact was the brokerage was registered in boston and so using their descretion they followed your request but didnt have to.

most states do accept brokerage tods on taxable accounts at this point but make sure your state does or you may find stuff going thru probate that you thought woulnt
mathjak107 is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Naming Beneficiaries JohnDoe FIRE and Money 6 07-02-2007 03:41 PM
How to pass on the nest-egg donheff Young Dreamers 29 02-16-2007 01:27 PM
Email Memo-$16.8 million at stake here.Could I pass as one of the Eich boys poboy Other topics 2 04-01-2006 11:02 AM
Too good to pass up nfs Life after FIRE 4 02-16-2005 06:49 PM
Should you pass up a "great deal"? Nords FIRE and Money 12 07-24-2004 02:33 AM

» Quick Links

All times are GMT -6. The time now is 10:35 PM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2021, vBulletin Solutions, Inc.