What Does POD Mean on a Bank Statement? | Sapling
What Does POD Mean on a Bank Statement? | Sapling
Feb 11, 2011
sapling.com
372K views · 1.2K reactions | naming beneficiaries like a POD or a TOD on a bank account is a great way to avoid the probate process. If the bank is handling things properly, all it requires is a death certificate from the person who passed away and an ID from the beneficiary. Naming beneficiaries can be an essential part of a complete estate plan along with a living trustand a durable power of attorney. | Pevney Estate Planning | Facebook
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372K views · 1.2K reactions | naming beneficiaries like a POD o…
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The main benefits of a Payable on Death (POD) account at a bank are that it bypasses probate, leading to a faster, less expensive transfer of funds to your chosen beneficiaries, provides flexibility since you can change the beneficiary at any time and retain full control of the funds while alive, and is a simple, often free way to manage asset distribution outside of a will. #moneytips #payableondeath #probate FOLLOW @LindaMoneyTips to increase your financial knowledge in saving, budgeting, inve
The main benefits of a Payable on Death (POD) account at a bank ar…
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