Opinion ID: 1855904
Heading Depth: 1
Heading Rank: 8

Heading: Bank Accounts

Text: Herbert Coe assigned and transferred all bank accounts of whatever nature, currently held by Herbert C. Coe at Farmers State Bank of Winner, South Dakota, or Northwestern National Bank in Gregory, South Dakota, excepting Herbert C. Coe's personal checking account at Farmers State Bank and Farmers State Bank Money Market Certificate # 3347 ... and other certificates of deposit. The personal checking account, Farmers State Bank Money Market Certificate, certificates of deposit and cash in hand are expressly excluded from this assignment, and are not to be included in the Herbert C. Coe Trust. The trial court properly excluded any cash, account, money market certificate or certificate of deposit expressly excluded by the trust assignment. We deal only with any bank account not covered by the exclusion. The trial court excluded all accounts because Herbert Coe failed to sign signature cards transferring the accounts to the trustee, a precondition established by the trustee for acceptance of the trust. As stated previously, the trial court incorrectly based its decision to exclude titled property from the trust upon Coe's failure to meet the preconditions set by the trustee. We reverse and remand on this subissue for Coe transferred legal title in the bank accounts to the trustee by means of the trust provisions.