If the bank has conservatorship over a mother. Can her adult children be listed on the CDS as POD? Or do the adult childrens

Asked over 3 years ago - Eldon, IA

names have to be removed ? because the bank has conservatorship

Attorney answers (2)

  1. Eliz C A Johnson

    Contributor Level 17

    Answered . I am not sure your terms are correct. Banks don't serve as Conservators over a person. Do you mean to say the bank is a Trustee of your Mother's estate?

    Use the AVVO.com web site to find an attorney in your area. In addition to that, contact your local bar association for referral to an attorney who specializes in this. Often, but not always, the attorney will do an initial consultation free of charge. You will then be in a better position to determine what to do next. Best of luck to you!

    If you liked this answer, click on the thumbs up! Thanks. Eliz. C. A. Johnson Post Office Box 8 Danville,... more
  2. Steven J. Fromm

    Contributor Level 20

    Answered . As the prior attorney states, it may be that the bank is the trustee over such assets. If so then there may be some written trust agreement or your mom has a will that would be controlling. Your facts really need to be spelled out more. However, if the property is held in trust then its terms would control and children would not be listed as beneficiaries under a POD.

    Hope this helps. If you think this post was helpful, please check the thumbs up (helpful) tab below and/or designate my answer as best answer. Thanks.
    Mr. Fromm is licensed to practice law throughout the state of PA with offices in Philadelphia and Montgomery Counties. He is authorized to handle IRS matters throughout the United States. His phone number is 215-735-2336 or his email address is sjfpc@comcast.net , his website is www.sjfpc.com. and his blog is

    LEGAL DISCLAIMER Mr. Fromm is licensed to practice law throughout the state of PA with offices in Philadelphia... more

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