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#2259973 - 09/21/21 01:52 AM POD
Anonymous
Unregistered

Do most states allocate equal allocation of beneficiaries?

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#2259975 - 09/21/21 10:28 AM Re: POD Anonymous
Rocky P Offline
Power Poster
Joined: Jun 2003
Posts: 7,208
Florida
What type of account are you referring to? Some retirement accounts are covered by ERISA.
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#2260007 - 09/21/21 05:37 PM Re: POD Anonymous
Anonymous
Unregistered

These would be non-IRA deposit accounts. POD. My understanding is that it depends on state law as to whether the benes receive equal allocation or not. I believe most do, but i also think depending on the state they would/could receive a pre-determined %. Just not sure.

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#2260008 - 09/21/21 05:53 PM Re: POD Anonymous
Anonymous
Unregistered

State law and your deposit contract. For regular deposit accounts here, we do equal share if multiple PODs are listed. Customer has no choice in the matter. If he/she wants different % or contingencies, we advise to speak with a trust attorney or specify in a will for the estate to administer.

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#2260013 - 09/21/21 06:33 PM Re: POD Anonymous
Anonymous
Unregistered

Thanks, do you know of a resource where i could access info for each state?

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#2260021 - 09/21/21 08:14 PM Re: POD Anonymous
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 76,990
Galveston, TX
Not outside of the individual State official law websites.
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#2260043 - 09/22/21 01:43 PM Re: POD rlcarey
Anonymous
Unregistered

That is what i was thinking. I was hoping i could find something. Thanks

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