Sometimes people designate the financial services entity at which an account is to be maintained in a will. If there isn't such a designation, I can't see any reason why you would be obligated to do so. Even if you want to do business elsewhere, it will be cheaper for you to have the assets moved into your own Edward Jones account and then transfer the account through what is called an "ACAT" to the firm of your choosing.
The foregoing is not legal advice nor is it in any manner whatsoever meant to create or impute an attorney/client relationship.
No-that would be an unusual requirement.
The answer given does not imply that an attorney-client relationship has been established and your best course of action is to have legal representation in this matter.
Most likely not. It depends on the trust documents.
If you'd like to discuss, please feel free to call. Jeff Gold Gold, Benes, LLP 1854 Bellmore Ave Bellmore, NY 11710 Telephone -516.512.6333 Email - Jgold@goldbenes.com
I agree with my colleagues. I have, however, sometimes run across companies that insist on you opening your OWN account with them, before they will allow you to access the assets. This is not a good policy in my opinion, but it is usually not worth fighting them on it.
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