Account Holder Death Procedures Sample Clauses

Account Holder Death Procedures a. PROOF OF ENTITLEMENT TO TRANSFER: In order to transfer XXX Account assets to the Beneficiaries, JPMS will require: (i) proof of death of the Account Holder, in the form of a certified death certificate; (ii) inheritance tax waivers if required by the pertinent state; and (iii) an affidavit in such form as JPMS may require, sworn to by the Beneficiaries or by the personal representative of the Account Holder's Estate (and in such case, accompanied by letters of administration dated not more than 60 business days prior to the affidavit) which states that (1) the Account Holder is deceased and the date of death; (2) the person(s) executing the affidavit is/are either: (a) the Beneficiaries identified in the most recent Beneficiary designation received and accepted by JPMS, or (b) the personal representative of the Account Holder's Estate; (3) each person or entity entitled to receive a distribution of XXX Account assets, consistent with the Beneficiary designation, is then living or in existence, and identifying each such transferee by name, address, Taxpayer ID number, and (if more than one) proportionate share of account assets; and (4) there are no known disputes concerning entitlement to the requested transfer of the XXX Account and no claims which would affect the transfer.
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