137K views · 1.7K reactions | Oviedo using POD pay on death, or TOD, transfer on death beneficiaries is a great way to make sure that bank accounts and other financial instruments get to the people that you want when you pass away without having to go through the court probate process. Sometimes we can also make a living, trust a beneficiary of some of these accounts. #EstatePlanning #LivingTrust #FillThatBucket #Pevney #financialfreedom #orangecounty | Pevney Estate Planning | Facebook

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

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