Legal Question in Wills and Trusts in Texas
No beneficiary
My father was in the process of adding my mother as beneficiary on all his accounts (multiple CDs, checking accounts, government bonds, savings accounts) but was unexpectedly taken to the ER due to his stage 4 lung cancer and never recovered enough to be able to even speak or eat again. As a result one of his CDs does not have a beneficiary and my 4 sisters and I all agree all the money should go to our mother. The credit union says they cannot give my mother the CD because the CD has no beneficiary beneficiary. How can we go about resolving this matter? Would it suffice if we 5 children sign a letter indicating we all agree the money belongs to our mother?
Thank you in advance.
1 Answer from Attorneys
Re: No beneficiary
The bank should accept an affidavit of heirship signed by all heirs and they should be able to furnish the form.
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