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#2219319 - 08/08/19 03:00 PM Accounts set up as POD to a Trust
Compliance Action Subscriber 1226 Offline
100 Club
Joined: Sep 2015
Posts: 198
Can a trust be the POD beneficiary on bank accounts? And the accounts also have a POA named?

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#2219335 - 08/08/19 03:47 PM Re: Accounts set up as POD to a Trust Compliance Action Subscriber 1226
chenin Offline
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chenin
Joined: Jul 2007
Posts: 2,120
We do allow a trust to be named as a beneficiary on the account.

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#2219342 - 08/08/19 04:23 PM Re: Accounts set up as POD to a Trust Compliance Action Subscriber 1226
RockChucker, CAMS Offline
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Joined: Jul 2013
Posts: 1,700
The Country
Assuming this is an individual account, we would have no problem having a POA for the individual and then a POD that is a trust when the individual dies. Don't forget that the POD does not then own the account, only the funds in the account, cut the POD a check and close the account.
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