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 for ... to claim a POD account should check the law to make sure the designation ...

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 ...

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 ...

One often overlooked yet incredibly useful tool for this purpose is the Payable on Death (POD) account, available at many banks and financial institutions. PODs offer a straightforward and ...

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 ...

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 ...