Estate Representative definition
Examples of Estate Representative in a sentence
The Estate Representative must satisfy BECU membership rules or the decedent must have been an existing member.
In opening any of the account types described below in sections 4(a) through 4(k), BECU acts only as a depository for funds, and is under no obligation to act as a fiduciary or to inquire as to the powers or duties of any Estate Representative, administrator, custodian, representative payee, guardian, or other authorized Account representative (collectively, “authorized Account representatives”).
The Trustee and the Agent each are authorized to release any information about the Account and the Proceeds, after the Holder’s death, to any or all of the Holder’s Estate Representative, the Spouse, or a beneficiary designated hereunder as the Trustee deems advisable.
C The Agreement terminates upon death of the participant unless the participant identifies an Executor or other Estate Representative to act on the participant’s behalf and such Executor or Estate Representative transfers the Agreement to an eligible person or legal entity and such transfer is approved by NRCS.
The Trustee and the Agent each are authorized to release any information about the Account and the Proceeds, after the Holder’s death, if the Holder has pledged his or her interest or right in the Account as security for a loan or other indebtedness or where there is to be a transfer to the Spouse’s TFSA pursuant to paragraph 29, to either the Holder’s Estate Representative, the creditor or the Spouse, as the Trustee deems advisable.