ETFs & Funds
Home›ETFs & Funds›Fund Industry›Banks require a dementia patient’s signature to access…
Banks require a dementia patient’s signature to access $100,000 in shares
The issue centers on stock certificates that, as reported, are the only estate assets without designated beneficiaries.
A MarketWatch reader described a case involving a 91-year-old mother with dementia, saying multiple banks are requiring her signature to access a stock certificate tied to about $100,000 in shares.
According to MarketWatch, the complication is that these shares are the only assets in her estate that do not have designated beneficiaries.
The reader is asking what steps can be taken to proceed with unlocking the certificate while accounting for the mother’s condition.
← Newer storyDollar Index holds near 99.20 as US inflation data boosts rate hike b…Older story →DBS flags improving appeal in 2-year Indian bond yields after sell-off
More like this
ETFs & FundsHow the $1,000 savings challenge works