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The main benefits of a Payable on Death (POD) account at a bank are that it bypasses probate, leading to a faster, less expensive transfer of funds to your chosen beneficiaries, provides flexibility since you can change the beneficiary at any time and retain full control of the funds while alive, and is a simple, often free way to manage asset distribution outside of a will. #moneytips #payableondeath #probate FOLLOW @LindaMoneyTips to increase your financial knowledge in saving, budgeting, inve
The main benefits of a Payable on Death (POD) account at a bank ar…
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368K views · 11K reactions | If you have accounts in your name in 2025, make sure to protect your loved ones by adding POD (Payable on Death) or TOD (Transfer on Death) designations to your singly titled, after-tax, or non-IRA accounts. It’s a simple step to ensure your assets go directly to your intended beneficiaries without the delay or cost of probate.  #EstatePlanning #FinancialTips #LegacyPlanning | Charles Winfrey | Facebook
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368K views · 11K reactions | If you have accounts in your name in 20…
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