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Payable on Death Beneficiary on Trust Acct?

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Question: 
Can you list a payable on death beneficiary on a Trust account? If so, what is the point of putting your accounts in a trust?
Answer: 

Assets of the trust would be distributed according to the trust agreement. A POD on a trust account should not be allowed. The trust does not die, unless it is extinguished by the trustees under the terms of the trust agreement.

First published on 10/18/2020

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