| Recent Answers from Jim Meadows |
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2009-06-11 Structuring: Alex, as long as your transactions are innocent, I would not be concerned whether or not a SAR is filed. By the way, if you discuss the SAR with bank personnel, their training probably tells them to file...
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2009-06-11 Structuring: Alex, I wouldn't worry about the potential SAR. What you are contemplating is not a violation of any sort. No, you can't make the bank provide the proof you mention. SAR's, by the way are filed away on...
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2009-06-01 beneficiary and custodian: Brad. I don't think so. The ownership of the funds are your children's and should not be a part of the bankrupt estate. Check with your attorney to verify. Also determine the "age of majority" in your...
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2009-05-29 Disposition of custodial account on death: Sierra, You should check the version of the Uniform Transfers to Minors Act in effect in your state.The bank may help you with this if not you can probably find on-line info. In general, if a custodian...
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2009-05-25 closing my mothers deceased checking account: Pam, The answer to your question depends strictly on state law, and on how the account was held. For example, a joint account usually becomes the property of the surviving account owner(s) immediately...
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