Splitting One CDS Account Among Multiple Beneficiaries
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Can I split a CDS account by percentage? Yes. A client can distribute a single CDS account to multiple beneficiaries (e.g., 50% to Husband, 25% to Son, 25% to Daughter).
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Execution Process: Unless specified otherwise, the shares within the CDS account will typically be redeemed (sold) by the Executor, and the cash proceeds will be distributed to the beneficiaries according to the set percentages.