POD Secrets
POD Secrets
Blog Article
Sad to say, many people don’t go to The difficulty to help make beneficiary designations when putting together accounts, and their heirs must incur the cost of probate on the Loss of life in the account holder. This underscores the need for this element of estate planning.
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The named beneficiary about the POD account isn't necessary to honor the account holder’s past will and testament, which makes it critical that the person makes sure to vary or cancel the POD beneficiary if they may have somebody else shown on their will.
This is an easy approach which can be achieved on-line by completing the beneficiary segment that features the entire name, tackle, and Social Security range of the beneficiary.
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