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119 | Are Your Bank Accounts Set Up Properly to Bypass Probate?
Do you have the proper beneficiary designations setup on your bank accounts? In this episode, I dive into the overlooked yet essential role of Payable on Death (POD) designations in estate planning.
Whether you have a will, trust, or both, your plan might still not include properly designated PODs on your bank accounts, CDs, and money market funds.
In this episode I discuss:
What a POD (or TOD) designation actually does
How PODs help your loved ones avoid probate delays
The simple, free process to set them up through your bank
Common mistakes—like assuming joint accounts are enough
Why naming…
The skinny
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