Waiver of Testamentary Account Sample Clauses

Waiver of Testamentary Account. Distributions You understand and agree that it is your sole responsibility (and not our responsibility) to assure that the ownership and survivorship features of the accounts, products and services you have with us, as designated by you in our records, accurately reflect your per- xxxxx, domestic, financial, business and estate planning needs. Matters you may want to consider include, but are not limited to, those created, changed or terminated by marriage, children, grand- children, adoption, separation, divorce, remarriage, disability, re- tirement, death or as a result of any agency, power-of-attorney, guardianship, conservatorship, trusts, xxxxx, businesses, corpora- tions, partnership agreements, contracts, indebtedness, etc. If permitted by applicable state law, you irrevocably waive your rights to make testamentary dispositions from any account, and do so with the understanding that the ownership and survivorship fea- tures of an account (such as “multiple ownership of an account with right of survivorship” and “beneficiary/POD payee” designations) control and supersede any inconsistent testamentary disposition. It is your responsibility to assure that the ownership and survivorship features of the accounts, products and services with us accurately reflect and take into consideration your personal, domestic, xxxxx- cial, business and estate planning needs. In addition, you can take action to start, confirm, maintain, review, change, add or terminate an account, product or service at any time as we allow. Therefore, you irrevocably waive your right to make a testamentary disposition of any account at the Credit Union, both now and in the future. You agree that since you are in complete control of the ownership and survivorship features of the accounts with us, and can take action to start, change, add or terminate the accounts at any time as we allow, on your death we may rely exclusively on the MSA and our records concerning all matters that affect the accounts, products and services you have with us.
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