Legal Question in Product Liability in Louisiana
certificate of deposit
Have a certificate of deposit listed ina probate. the bank is saying there is going to be a penalty for cashing out the C.D... I thought these penalties were waived when dealing with probate.
Asked on 8/30/07, 11:33 am
2 Answers from Attorneys
Nick Pizzolatto, Jr.
Pizzolatto Law Office
Re: certificate of deposit
What I know about CD's is that they have their own conditions and those conditions do not change because of death. If the CD does not "mature" until a certain date, than you have to wait until that date.
Answered on 8/30/07, 11:58 am
Johm Smith
tom's
Re: certificate of deposit
I agree with Nick. There are other investment vehicles that terminate upon death, but not CDs. Getting the rights to the money in the CD is not the same thing as getting the money in your hand.
Answered on 8/30/07, 12:29 pm
Related Questions & Answers
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
