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Shhhhh… POD designations are secret

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?

No. Rudy currently has no present interest in the account. Any interest he has is contingent upon two things: Dan dying; and Dan not changing or revoking the POD designation before his death. It would be a violation of Dan’s financial privacy for you to reveal anything about his account to Rudy.
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Insider’s Guide to Operations Procedures

First published on 07/22/2018

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