Thursday, August 20, 2015

Random thoughts: Do you have a Joint name for your trading account

Do you have one?

Why did I ask?

My MIL told me it is difficult without a will, to pass on the shares to the next of kin, if she passes on. I heard of the trouble before and she told me that all we need is a form.

I ask my broker for advice, and this is what he told me.

It is indeed very troublesome if one passes on without a will.

He told me one way to get around this is to get a joint account for trading.

When I passes on, my wife will have access to all my shares.

I thought this is important, and I will most probably start opening a joint account with her.

I am sure many of us, at certain point of Market, we will have significant amount of cash in equity. What happened if you passes on then? I guess, the amount of cash in equity could be well above 50% of your liquid assets.

We all invest for our loved ones too, one way or another. so perhaps it is time to think about this?

I tried to google for more information, but I really find nothing really useful. There are some pretty good information about will making but not how we handle our CDP shares if we passes on.

If anyone can share a helpful link. It would be most useful.


  1. Joint bank account --> Joint CDP account --> Joint Brokerage account.

  2. yes. except you cant apply for IPO. u can go CDP and pay a fee to transfer from your individual to your joint acct

  3. Hi CW, victor and temperament,

    Thank you for your input. My brokerage told
    Me while it is a joint account, it can be arranged such that the second name of the joint acc have not authority to buy sell without the consent of te first name.

    So maybe one worry less?

    Think I will
    Ask for the forms soon. Lol.

    Touch woods!!

  4. Another way is to do a transfer of estate for the deceased

  5. It's a great blog about banking and finance thanks for sharing the blog to know more about Bank accounts ..
    Bank account

  6. Do you need to increase your credit score?
    Do you intend to upgrade your school grade?
    Do you want to hack your cheating spouse Email, whatsapp, Facebook, instagram or any social network?
    Do you need any information concerning any database.
    Do you need to retrieve deleted files?
    Do you need to clear your criminal records or DMV?
    Do you want to remove any site or link from any blog?
    you should contact this hacker, he is reliable and good at the hack jobs..
    contact : cybergoldenhacker at gmail dot com

  7. I'm 61 years old. I contracted hpv in 2011' I has be taking lot treatment for it and embarrassed some months ago the wart stated coming out seriously, I used lot recommendation because there was lot warts around my anus and was so . but today I'm totally happy I got the virus eliminated by using natural treatment from Dr Onokun herbal center after his treatment I got cured. all the warts went away' seriously believed Dr. Onokun he have the cure for human papillomavirus because he has eliminated hpv been in my body since 2011, Dr. Onokun make it possible for me. Here is Dr. Onokun email: or page at: or WhatsApp him via +1 ( 323 ) 689 3594 he is welled capable of curing terrible diseases.