Oviedo A POD or pay on death beneficiary on a financial account like a savings, checking, and non-retirement investment accounts means that those assets go directly to the living beneficiary that the financial institution has on file. Typically, you show up at that institution with the death certificate and your own ID and they should let you know that you are the beneficiary and shortly thereafter transfer that money to you. #EstatePlanning #Beneficiary #FillThatBucket #Pevney #BankAccount | Pe
Oviedo A POD or pay on death beneficiary on a financial account …
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376K 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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