Alabama Code Title 5. Banks and Financial Institutions § 5-24-4

PARTIES [Name One Or More Parties]:

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OWNERSHIP [Select One]:

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SINGLE-PARTY ACCOUNT

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MULTIPLE-PARTY ACCOUNT

Parties own account during the lifetime of all parties in proportion to net contributions unless there is clear and convincing evidence of a different intent.

RIGHTS AT DEATH [Select One]:

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SINGLE-PARTY ACCOUNT

At death of party, ownership passes as part of party's estate.

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SINGLE-PARTY ACCOUNT WITH POD (PAY ON DEATH) DESIGNATION [Name One Or More Beneficiaries]:

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At death of party, ownership passes to POD beneficiaries and is not part of party's estate.

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MULTIPLE-PARTY ACCOUNT WITH RIGHT OF SURVIVORSHIP

At death of party, ownership passes to surviving parties.

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MULTIPLE-PARTY ACCOUNT WITH RIGHT OF SURVIVORSHIP AND POD (PAY ON DEATH) DESIGNATION [Name One Or More Beneficiaries]:

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At death of last surviving party, ownership passes to POD beneficiaries and is not part of last surviving party's estate.

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MULTIPLE-PARTY ACCOUNT WITHOUT RIGHT OF SURVIVORSHIP

At death of party, deceased party's ownership passes as part of deceased party's estate.

AGENCY DESIGNATION [Optional]

Agents may make account transactions for parties but have no ownership or rights at death unless named as POD beneficiaries.

[To Add Agency Designation To Account, Name One Or More Agents]:

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[Select One]:

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AGENCY DESIGNATION SURVIVES DISABILITY OR INCAPACITY OF PARTIES

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AGENCY DESIGNATION TERMINATES ON DISABILITY OR INCAPACITY OF PARTIES