Compliance Question of the Week

Who can open an estate account? The Compliance Question of the Week finds the answer is different for state chartered credit unions depending on whether they’re in Oregon or Washington.

Compliance Question of the Week

We have a member that has been missing for a long time. No one has been able to locate him, and now his family wants to close his accounts. What should we do?

Compliance Question of the Week

We had a member who lived in Utah when he passed away. His personal representative has letters of testamentary granted from Utah. Can we turn over the assets to the personal representative based on those letters?

Compliance Question of the Week

Is a will naming someone as the executor of the estate enough to allow access to the deceased member’s account?

Compliance Question of the Week

If we open an estate account, do we qualify the executor or the deceased member for eligibility?

Compliance Question of the Week

How should I title an inherited IRA?

Compliance Question of the Week

Should a deceased member’s account(s) continue to earn dividends?