Mid-evening Monday, November 30, 2015, a Simpsonville, South Carolina resident called the GreenvilleNotary.com service lines seeking a notary for a document needing her signature notarized. The signing was for Spousal Consent.
There are several instances where a Spousal Consent Form may need to be signed. The usual case for Spousal Consent is that alterations are to be made regarding a bank, trust, fund or investment account. “Why sign a Spousal Consent Form?” I have been approached MANY times about these forms. The easy answer is this: Should the owner of such account pass away, the person’s spouse has the right of survivorship. To read more on survivorship, CLICK HERE.
The purpose of the notary in this transaction was to verify that the spouse was inded who they said they were.