Commissions do not affect our editors' opinions or evaluations. A payable-on-death (POD) bank account simplifies and speeds up the process of transferring the assets in your bank or credit union ...

Investopedia / Danie Drankwalter Payable on death (POD) bypasses the probate process and ensures beneficiaries can access funds from an inherited bank account promptly. A bank account with a named ...

The owners of many bank accounts, especially savings and fixed deposit accounts name payable-on-death beneficiaries ... at the deceased person’s bank statements; just look for the term ...

A payable on death account is a type of bank account that can be used for estate planning purposes. You can create this type of account at a bank or credit union and your bank may also let you ...

Dear Liz: You recently wrote about the drawbacks of payable on death accounts, including that the funds go directly to the beneficiaries before the estate’s expenses are paid. Aren’t all 401(k ...

A Payable on Death account is a type of bank account relationship that allows the account holder to designate one or more beneficiaries who will receive the funds held in the account upon the ...

Both Payable-on ... the event of your death, said Gene McGovern, a certified financial planner with McGovern Financial Advisors in Westfield. A POD designation is used for bank accounts such ...