Posts Tagged ‘Money Back’

What happens to a certificate of deposit, if it not “willed” or in a “Planned Estate” by parents?

Sunday, November 22nd, 2009
mypetpolk asked:


If one parent (the only one living) owns $100,000 certificate of deposit and that parent dies where does the certificate of deposit go to, if the certificate is not “willed” or in a “Planned Estate” by parent.

Do the 2 children get to split the money or does it go back to the government?

1st deposit