Answers.com > Wiki Answers > Categories > Business & Finance > Investing and Financial Markets > How can your sister and you contest a CD with your brother as sole beneficiary?

How can your sister and you contest a CD with your brother as sole beneficiary?

In: Investing and Financial Markets, Life Insurance, Estates [Edit categories]

Answer:

You cannot challenge an arrangement chosen by the then-living owner of the CD. He/she had the right to choose a beneficiary for that account. The CD is not a probate asset and is not part of his/her estate. For example, I recently arranged for my accounts at one bank to be payable on death to one of my relatives. No one has the right to challenge my choice.

If you think the account owner was not capable of making that decision at the time then it is your responsibility to bring a court action at your own expense and provide enough evidence to convince a judge that you have a legitimate claim.

First answer by Kluss. Last edit by Kluss. Contributor trust: 692 [recommend contributor ]. Question popularity: 1 [recommend question].

[report abuse]

Can you answer these Investing and Financial Markets questions?

	Why stock market crash?	Answer it!
	Can i still take your scholarship exam?	Answer it!
	How does a short sale work?	Answer it!
	What is the nationality of Orhan Osmansoy?	Answer it!
	What are the Advantages and disadvantages of Direct Debits?	Answer it!

Relevant answers:

Can You contest a beneficiary?
You can contest a will if you have a reasonable claim that the will is invalid. You may not contest the will just because you personally think someone received too much or not enough. A will can be...
Is your adopted brothers sister your sister?
technically speakking yes because ur parents are legally responsible for both?? if not she still is considered ur sister
Your sister goes with your brother who is his sister to you?
If your sister goes with your brother then it's incest and they would both be your siblings. If a girl is dating your brother and they get married this would make her your sister-in-law.
Does brother James have brothers and sisters?
no James brown dnt hav3 dkjfgjhfgjdfw dcjihfsdjkbsdfdf jhgjhjhgfvhigfghgfg fsdhsdfbsdf jalen coverdale wrote this
How can your brother and sister become your brother and sister in law?
Your brother or sister can never become your brother-in-law or sister-in-law. The people they marry are your brother-in-law or sister-in-law.Oh, yes, in a riddle, if your brother marries your sister,...