NOTIFICATION
We must wait to have Date of Death to have an estate file created
No, an estate file can be created without knowing the Date of Death
What is after the Define Successor or Beneficiary for Registered Accounts page in the estate interview?
View Transaction History Page
Sole PDA what what type of restrain message is added once we are notified of passing
Deceased - message 51
Joint IA two people with right of surviroshop we must have payout completed
incorrect, options are we can do a payout or a Ownership change
RBC will issue draft for funeral expenses despite having a balance on a RCL?
No, RBC debt must be addressed before any funds are provided for estate expenses
Only an executor can advise RBC of passing
Incorrect, we will take notification from any source
Client passed intestate what is the Role of the informal executor in contacts tab
Other
How long do we keep the Payee Verification message 21 on for on joint PDAs outside Quebec
40 business Days
What type of GIC if closed prior to maturity will only pay principal
RBC MarketSmart GIC
As an executor (outside Quebec) you are personally liable for the debt of the estate
No, as executor your due diligence is to use all funds of the estate to pay off or down the debt
Items required when booking initial estate appointment
POD, WILL, probate if obtained already, ID
Waiver of probate flag must be on the estate file any time a DOT 586 or ICN is completed
Correct
Are Credits Processed During Year of Death acceptable?
No, only during month of passing
TFSA with 5 beneficiaries holdings are in mutual funds we can provide executor with option to switch holdings to lower risk
No, switching to lower risk is option for registered plans without beneficiaries or sole IAs with MF holdings
Points can be redeemed on a joint Visa card by having the executor sign our LOD?
no, ECE will redeem points on only sole Visa cards only
Notifier is also joint holder of a PDA, can they obtain an account balance of the PDA at time of notification
Yes, we can ID the caller as a joint holder and proceed to answer questions only on the account they are joint on
There are various flags an EMS file can have name any 4
all 9 are
Foreign Estate
Private Banking
Escalated
Aboriginal Affairs
Royal Trust
Dispute
PG
Minor
Waiver of Probate
Estate PDA can be opened at executors request whenever they have an estate cheque to cash
no, probate or equivalent must be provided or in the process of being applied for
RIF successor named, successor has now subsequently passed plan holder what is the settlement advice?
Name change on LOD signed by successor's executor and then paid out to their estate by a DOT
What is the temporary amount we can provide on a RCL or RCLHLP and for what duration if conditions are met?
$20,000 for 60 days