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👉🏽“Payable on Death” (POD) for bank accounts is a designation that allows the account holder to name one or more beneficiaries who will inherit the funds in the account upon the account holder’s death. The account holder can designates one or more beneficiaries, who will receive the account’s funds when the account holder dies. POD accounts are a convenient way to ensure that assets are quickly and easily transferred to intended beneficiaries without the need for a will or trust. #bank #assets
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