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#1697041 - 05/08/12 06:33 PM Personal Rep cashing a CD
Tessie Offline
100 Club
Joined: Jan 2006
Posts: 155
Can someone who is Personal Rep cash a POD CD made out to someone else or does the beneficiary have to cash it? How far does the power of a Personal Rep go?

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Deposits and Payments
#1697046 - 05/08/12 06:47 PM Re: Personal Rep cashing a CD Tessie
Doug Hendrickson Offline
Power Poster
Doug Hendrickson
Joined: Oct 2009
Posts: 3,927
The Personal Representative is usually responsible for anything that is part of the estate. In general, if a CD had a POD on it, it is not considered part of the estate and belongs to, and should be cashed by, the beneficiary.
I hear and I forget. I see and I remember. I do and I understand.--Confucius

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