Advantages and Disadvantages of Payable on Death Accounts as Part of Your Estate Plan
- Doug Boyette
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One of the simplest methods for avoiding probate is to designate a beneficiary or beneficiaries for your bank accounts. An account with a named beneficiary is called a Payable on Death or POD account. When someone passes away the […]Read more
Are You Responsible for the Debts of a Deceased Family Member?
- Doug Boyette
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When a loved one passes away, the surviving family members are thrust into the confusing and unfamiliar task of administering the individual’s estate. If the individual was in debt when they died, creditors sometimes try to pressure the family […]Read more