Forbes1y
The FDIC Changes The Rules On Insured Accounts Owned By Trusts
The FDIC has issued final regulations that, as of April 1, 2024, will change how bank accounts held ... includes informal trust accounts such as Pay on Death (POD) or As Trustee For (ATF) accounts ...
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Here's What Happens to Your Bank Account After You Die
POD and TOD bank accounts typically can bypass the probate ... or if there are other rules and procedures to follow for the account. If you are serving as the executor or administrator of an ...
Forbes1y
Kat Aoki
A payable-on-death (POD) bank account simplifies and speeds up the process of transferring the assets in your bank or credit union accounts to one or more beneficiaries. Here’s a closer look at ...