If an account has 2 POD's listed - one POD passed way prior to the account owner and one POD is still living. Do all of the funds go to the living POD once the account owner passes away? or does half go to living POD and half go to deceased POD's estate? Thanks for your help.
#1834987 - 07/22/1302:33 PMRe: payable on death accounts Theresas
CSThompson
Junior Member
Joined: Feb 2009
Posts: 34
Ohio
Our attorneys advise that after the death of a beneficiary of a POD account, the funds would pass to the remaining names beneficiaries. No funds would go to the heirs of the deceased beneficiary.