Q: If someone makes a will and then lists someone else as POD of their bank account. What happens? Who would the money go?
A: It would go to the person listed as POD unless they predeceased the account holder. POD controls over the will if beneficiary of the account (POD) is living.
Richard Winblad agrees with this answer
A: The individual listed on the bank account as POD beneficiary will receive the money in the bank account.
Charles Watts agrees with this answer
A: A person's assets that have a beneficiary designation go to the person specified in the designation. Such assets include bank accounts, stock accounts, life insurance, etc. Those types of assets pass outside of the probate case if there is a proper beneficiary designation. Real estate which is held in a joint tenancy (with rights of survivorship) also passes outside the probate case. The will covers all assets specified specifically or generally.
Charles Watts agrees with this answer
A: I agree the the answers below, however if the individual named was married to the account holder then divorced prior to his or her death, then Title 15 O.S. Section 178 may prevent the divorced beneficiary from collecting.
Charles Watts agrees with this answer
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