The Word Tax Wrote on a Piece of Paper

Are Payable-On-Death Accounts Right For You?

A payable-on-death account also called a POD account, is a common way to keep bank and investment accounts out of probate, the court-supervised process that oversees distributing a deceased person’s property. Most people want to avoid their estate going through probate because their heirs will receive the inheritance faster, privately, and at a lower cost.