What is a payable on death bank account?
I'll answer
Earn 20 gold coins for an accepted answer.20
Earn 20 gold coins for an accepted answer.
40more
40more
Works at the International Seabed Authority, Lives in Kingston, Jamaica.
Payable-on-death bank accounts offer an easy ways to keep money--even large sums of it--out of probate. All you need to do is properly notify your bank of whom you want to inherit the money in the account or certificate of deposit. The bank and the beneficiary you name will do the rest, bypassing probate court entirely.
2023-06-01 09:27:01
评论(499)
Helpful(122)
Helpful
Helpful(2)
Mia Roberts
QuesHub.com delivers expert answers and knowledge to you.
Payable-on-death bank accounts offer an easy ways to keep money--even large sums of it--out of probate. All you need to do is properly notify your bank of whom you want to inherit the money in the account or certificate of deposit. The bank and the beneficiary you name will do the rest, bypassing probate court entirely.
