If only 1 person is 100% of the corporation can they name a POD on the checking account?
A new CSR opened an account and let the customer do all kinds of weird things with Pay on Death beneficiary designations that aren’t legal in our state. Now what?
Dan’s account names his son Rudy as the pay on death beneficiary. Dan is currently very ill, in the hospital. Can we tell Rudy he is on there as POD?
Can a joint account have a POD?
We have a husband and wife who want to open a checking account. They would like to make it payable on death to a revocable trust in their names. Is this possible?
A member has passed, and her account was a POD account, with 3 beneficiaries listed. The executor of her estate has come in, asking to transfer the funds to the estate. Do we pay out the beneficiaries, or do we follow the executor, and transfer funds to the estate account?
Can an LLC have a POD on an account?
Can an LLC have a POD? Also, can an LLC have a savings account?
Is it a requirement to add the SSN of the beneficiary to a POD account?
Pay on Death Accounts - If the account has multiple POD beneficiaries and the account holder dies, are the funds in the account divided equally between the POD beneficiaries or is it first come gets it all?