Pros and Cons of Payable-on-Death Bank Accounts
Payable-on-death (POD) bank accounts enable you to automatically transfer money to designated beneficiary or beneficiaries after you die. This bypasses the need to create a trust and can spare your heirs the lengthy process of probate. Follow along to learn more about this element of estate planning. What Is a Payable-on-Death Bank Account? POD accounts, […]
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