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Bb T Payable on Death Form

Bb T Payable on Death Form

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hello everyone let's talk about bank accounts and estate planning today we all have bank accounts may have one two three four i've seen people with 10 15 bank accounts that's absolutely fine however what would happen to those bank accounts what would happen to that money if you were to become incapacitated or when you die incapacity either a power of attorney or a guardianship proceeding so you may want to watch those videos but for now we're going to focus on what happens to bank accounts when the owner dies if we have a joint owner of course the surviving joint owner will likely receive all that bank account so be careful who you add to your bank accounts and if you don't have a joint owner how can your family collect that money well bank accounts have most if not all of them have what it's called a payable on death designation a pod so you need to make sure that all of your bank accounts 1 2 5 15 they all have payable on death designat

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