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 ...

With either a transfer-on-deth or a payable-on-death account, you are in control ... trustee of your living trust -- generally can write checks and manage your financial affairs if you become ...

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 ...

A. The simple answer is yes. Both Payable-on-Death (POD) and Transfer-on-Death (TOD) accounts are available in New Jersey. Both types of accounts allow you to name one or more beneficiaries of the ...

Dear Liz: Is naming a beneficiary for a nonretirement, “payable on death” account as effective as putting the account in a living trust? It seems easier than doing all the paperwork each time ...

forgot to mention that people in California can now leave their homes to heirs by way of a payable-on-death deed. This deed circumvents probate court, is quicker and more affordable. There is a ...

In those cases, there is also a way to transfer those assets outside of probate using what are commonly called Payable on Death (POD ... remind our clients to check their beneficiary designations ...

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 ...