Payable on Death / In Trust for Account. Thesetypesof Accounts are Accounts owned byone or more Individuals that identify oneormorebeneficiarieswhowill receivethe amount on deposit in theAccount upon thedeath ofthe Owner(s).There maybestate law requirementsthat must bemetto establish thesetypesof Accounts. You are solely liable for meeting anyrequirements. We may choose, if applicable requirements are not met, to treat the Account as if there are nobeneficiaries. You are the Owner of these Accounts and may do anything that is permitted under this Account type, including changing or removing beneficiaries. The named beneficiaries have no access until the death of all Owners occurs. Upon the death of all Owners and after receiving the necessary documentation from the beneficiary(ies), we will pay any surviving designated beneficiary(ies) on the Account subject to any Company claims and any right we have to charge the Account. If there are more than one beneficiaries listed on the Account, the Account will be paid in equal shares to each surviving beneficiary. If there are no beneficiaries listed, the Account will be payable to your estate.
