Opening and Maintaining an AccountCan a Successor Be Named to Take Over Ownership of the Account Upon Death of the Account Owner?A successor may be designated on the enrollment form to take ownership of the account in the event of the initial account owner’s death. If an account has already been established, a successor may be designated or changed by completing the appropriate form from the financial advisor. If a successor is not designated, then the account owner’s estate, acting through the personal representative, will become the successor account owner. Before the successor account owner will be permitted to transact business in respect to the account, he or she will be required to provide a certified copy of the death certificate and execute a new enrollment form, adopting the terms of the then-current participation agreement. 
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