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#1399121 - 06/03/10 03:37 PM Minor as POD
parr04 Offline
Gold Star
Joined: Aug 2004
Posts: 394
oklahoma
What is the proper way to disperse funds to a minor child named as a POD upon the death of the account owner? Would the check be made payable to the minor?

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#1399362 - 06/03/10 07:45 PM Re: Minor as POD parr04
BBoyd Offline
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BBoyd
Joined: Mar 2002
Posts: 2,494
MI
Seems that it would be payable to the minor. In order to negotiate it, however, I would think the custodian or guardian of the minor would be involved in establishing some sort of account in the minor's name.
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#1400369 - 06/07/10 08:13 PM Re: Minor as POD BBoyd
BrendaC Offline
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BrendaC
Joined: Sep 2001
Posts: 6,029
Sweet Home AL
You should verify with counsel, but it should probably be made payable to the minor's guardian FBO the minor.
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