HOW TO UPDATE PAYABLE ON DEATH (POD) BENEFICIARY DESIGNATION A Practical Checklist by Buried at Work A Payable on Death (POD) beneficiary designation allows you to name a person who will automatically receive funds from your bank account upon your passing. POD designations take precedence over wills and help beneficiaries avoid probate, ensuring a faster and more efficient transfer of assets. Keeping your POD beneficiaries updated prevents delays, disputes, and unintended distributions.
Use this checklist to ensure your POD designations are accurate, up to date, and aligned with your overall estate plan.
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