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View Full Version : I have a bunch of money in a CD acount in the states...


travis_gillard
03-08-2009, 05:05 PM
hey, as stated I have a bunch of money in a CD account down in the states, it was put in there for college but I have chosen to become an Electrician and now need a reliable form of transportation to and from work. I have recently tried to withdraw some money but they told me I need some blue piece of paper and I also need a Court order to withdraw, I was wondering if anyone know's where I would go in calgary to set up a court date and what this blue piece of paper that I need is

any help is appreciated, thanks in advance
RickDaTuner
03-08-2009, 05:09 PM
What is a CD account?
TACO.VIDAL
03-08-2009, 05:28 PM
Certificate of Deposit.

Theres gotta be more to this story. Is this a trust?


Originally posted by RickDaTuner
What is a CD account?
Xtrema
03-08-2009, 06:01 PM
What is this blue piece of paper called?

CD is sort of our version of GIC.

Bank failures in US exposed a lot of CD frauds lately where savings sold as CD isn't really backed by FDIC.
travis_gillard
03-08-2009, 06:28 PM
lol, yea it is a trust, it is a bunch of money that my grandfather left me when he passed away to start me asaving's for college
travis_gillard
03-09-2009, 09:54 AM
does anyone have any idea what I have to do about the court order, haha I have no idea what im supposed to do for this
The Cosworth
03-09-2009, 10:02 AM
Originally posted by travis_gillard
does anyone have any idea what I have to do about the court order, haha I have no idea what im supposed to do for this

just a thought but the bank in question could probably answer your question better than a bunch of internet noobs
travis_gillard
03-09-2009, 12:31 PM
i asked but they had no idea where to go in calgary, haha they knew where to go in minneapolis
roopi
03-09-2009, 01:31 PM
Well I saw some blue paper at Staples this morning. It's going fast though.
travis_gillard
03-09-2009, 01:48 PM
wow, thanks man. That really helps.
jonnycat
03-09-2009, 01:53 PM
Who was the executor of his will? They may have the information you need.
travis_gillard
03-09-2009, 01:55 PM
haha, it was my grandfather but he passed away about 6 years ago
Weapon_R
03-09-2009, 02:03 PM
Who was the successor?

Have you actually read the trust? Does it stipulate to what happens if you don't attend college? It might end up reverting to the other beneficiaries if you don't fulfill the requirements needed to get the money.
jonnycat
03-09-2009, 02:09 PM
He can't be the executor of his own will. An executor is basically in charge of the deceased's belonging's. When he died someone was in charge of what happened to all of his belongings and money. It very well could have been the state if he didn't have a will.

There should be a copy of his will with someone showing that you are in fact entitled to the CD. If not, the CD should have you listed as a beneficiary.

You need to find out who handled all the stuff like funeral arrangements, selling of property, furniture, banks accounts.

Is your grandma is still alive?
Weapon_R
03-09-2009, 02:11 PM
^ It's a trust, not a will.
travis_gillard
03-10-2009, 03:29 PM
nope, grandma past away before i was born
sevewone
03-10-2009, 04:20 PM
did you grandfather leave you any blue peices of paper when he passed? maybe the paper is with the money? Or maybe the blue paper is at the school he wanted you to go to.
roopi
03-10-2009, 04:37 PM
Do you know the name of the bank? I'm assuming this is in the state of Minnesota?