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Explore the impact of “deadnames” on credit reports and what Transgender people can do to help prevent legal and financial problemsVideo

Account Id: 4394098893001

Player Id: bb60d070-b695-4c55-9162-a421ad370a53

Video ADA Text: Explore the impact of “deadnames” on credit reports and what Transgender people can do to help prevent legal and financial problems video

Transcript Browser Title: Video transcript: Explore the impact of “deadnames” on credit reports and what Transgender people can do to help prevent legal and financial problems

Description: Transgender adults face formidable challenges in regard to financial and estate planning, but there are steps you can take to make it easier. Here’s what you can do about it.

English

Video Id: 6349670633112

Audio Description Video Id: 6349668604112

Length (seconds): 90

Transcript: <h2>Note:</h2> <p>Background music plays.</p> <h2>On screen:</h2> <p>As this video opens, a person with a beard, glasses, and a tan blazer speaks in front of a blue background with a circular geometric pattern.</p> <h2>Note:</h2> <p>A bold disclaimer appears in a text box:</p> <h2>On screen:</h2> <p><strong>INVESTMENT AND INSURANCE PRODUCTS:</strong></p> <ul> <li><strong>NOT A DEPOSIT</strong></li> <li><strong>NOT FDIC INSURED</strong></li> <li><strong>NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY</strong></li> <li><strong>NO BANK GUARANTEE</strong></li> <li><strong>MAY LOSE VALUE</strong></li> </ul> <h2>Joseph T. Hahn:</h2> <p>Did you know that credit issues are one of the most common financial obstacles the transgender community faces?</p> <h2>On screen:</h2> <p>An icon of a credit card appears. Text appears in a white box over the speaker:</p> <h2>On screen:</h2> <p><strong>JOSEPH T. HAHN</strong></p> <p>Executive Director</p> <p>Wealth Planning &amp;Advice.</p> <h2>Joseph T. Hahn:</h2> <p>A deadname is the name a transgender person was assigned at birth, but no longer wishes to use. Our white paper that explores the financial, legal, and estate planning challenges the transgender community faces found that the use of deadnames on credit reports is still quite widespread.</p> <h2>On screen:</h2> <p>Text appears:</p> <p>deadname</p> <p>{noun}</p> <p>the name a transgender person was assigned at birth, but no longer wishes to use</p> <h2>Joseph T. Hahn:</h2> <p>Unlike changing one's last name after marriage or divorce, informing banks or creditors of a change to one's first name does not automatically cause credit reporting agencies to update that person's credit file. This creates a cascading effect in several areas of a person's financial life – and it goes beyond borrowing. Credit reports are frequently checked during common financial processes, including the pricing of insurance, establishing utility services, and even opening an investment account.</p> <h2>On screen:</h2> <p>Text inside a box reads: Credit reports frequently checked during:</p> <ul> <li><strong>PRICING INSURANCE</strong></li> <li><strong>ESTABLISHING UTILITIES</strong></li> <li><strong>OPENING AN INVESTMENT ACCOUNT</strong></li> </ul> <h2>Joseph T. Hahn:</h2> <p>Transgender individuals should consider directly contacting each creditor and credit reporting agency, and following each organization's specific procedures and documentation requirements for updating their name. What's more, they should consider checking frequently to see that the changes have actually been made and do not negatively impact their credit score. Read more on this topic in our latest white paper, and check out the rest of our planning content on chase.com/theknow.</p> <h2>On screen:</h2> <p>A logo appears over gray: J.P.Morgan WEALTH MANAGEMENT.</p> <h2>Note:</h2> <p>Legal disclosures.</p> <h2>On screen:</h2> <p>The views expressed in this video are those of the speaker's and not necessarily those of JP Morgan Chase &amp;Co.</p> <h2>Note:</h2> <p>A disclosure in bold reads:</p> <h2>On screen:</h2> <p><strong>JPMorgan Chase &amp;Co., its affiliates, and employees do not provide tax, legal or accounting advice. Information presented on these webpages is not intended to provide, and should not be relied on for tax, legal and accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any financial transactions.</strong></p> <h2>Note:</h2> <p>The final disclosure in regular font reads:</p> <h2>On screen:</h2> <p>J.P. Morgan Wealth Management is a business of JPMorgan Chase &amp;Co., which offers investment products and services through (in bold) <strong>J.P. Morgan Securities LLC (JPMS)</strong>, a registered broker-dealer and investment adviser, member FINRA and SIPC. Insurance products are made available through Chase Insurance Agency, Inc. (CIA), a licensed insurance agency, doing business as Chase Insurance Agency Services, Inc. in Florida. Certain custody and other services are provided by JPMorgan Chase Bank, N.A. (JPMCB). JPMS, CIA and JPMCB are affiliated companies under the common control of JPMorgan Chase &amp;Co. Products not available in all states.</p> <p>Copyright {{copyrightCurrentYear}} JPMorgan Chase &amp; Co.</p>

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