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<p class="MsoNormal"><span style="color:#1F497D">How timely. I have definitely experienced this in the last few weeks – and pressed but not too hard – with both Chase and B of A. They refer to “state law” and one of them said TIC is only possible in two states!
(For the life of me, I don’t get what they are getting at. Maybe someone here can elucidate?) I just had a conversation with someone at Wells Fargo and the person confirmed they still do this.
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<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">Jacob<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
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<p class="MsoNormal"><b>From:</b> wsbapt-bounces@lists.wsbarppt.com [mailto:wsbapt-bounces@lists.wsbarppt.com]
<b>On Behalf Of </b>Kate Szurek<br>
<b>Sent:</b> Thursday, June 04, 2015 1:27 PM<br>
<b>To:</b> WSBA Probate & Trust Listserv<br>
<b>Subject:</b> [WSBAPT] JT/ROS<o:p></o:p></p>
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<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">In the grumbling-about-banks department, I was just informed that WA Fed will not allow a couple to hold their CDs in both names
<u>unless</u> it as joint tenants <u>with right of survivorship</u>. We have a taxable estate, so I prefer to avoid investments that pass automatically on death to the survivor.
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<p class="MsoNormal">Of course, I have any number of work-arounds, and I’m not worried about small accounts, but my question of you is whether you are similarly finding such restrictions, and if you are, whether you have found banks who are willing to allow
the accounts to be held simply as joint tenants (tenants-in-common), without any kind of automatic transfer on the death of one of the owners.<o:p></o:p></p>
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<p class="MsoNormal">Thanks in advance,<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Kate<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;color:#1F497D"><img width="193" height="51" id="Picture_x0020_1" src="cid:image001.jpg@01D09ECC.720B6210" alt="SkagitLaw_Signature (2)"><o:p></o:p></span></p>
<p class="MsoNormal"><b><i><span style="font-size:13.5pt;font-family:"Cataneo BT";color:blue">Kate Szurek</span></i></b><span style="font-size:12.0pt;font-family:"Times New Roman",serif;color:black">, J.D., LL.M.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;color:#1F497D">P.O. Box 336 / 227 Freeway Drive, Suite B<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;color:#1F497D">Mount Vernon, WA 98273<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;color:#1F497D">360.336.1000<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;color:#1F497D">360.336.6690 (fax)<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><a href="mailto:kate@skagitlaw.com"><span style="font-size:12.0pt;font-family:"Times New Roman",serif">kate@skagitlaw.com</span></a></span><span style="font-size:12.0pt;font-family:"Times New Roman",serif;color:#1F497D"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><a href="http://www.skagitlaw.com/"><span style="font-size:10.0pt;font-family:"Arial",sans-serif">http://www.skagitlaw.com</span></a></span><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#1F497D">
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