Legal Question in Wills and Trusts in Arizona
will vs. pod accounts
will supercede a pod account election?
Asked on 5/02/07, 3:48 pm
2 Answers from Attorneys
James Jenkins
Jenkins Law Center PLC
Re: will vs. pod accounts
Accounts in POD status transfer automatically, and are therefore not a part of the estate, and the will says how the estate is distributed.
In other words, the answer is "no."
Answered on 5/03/07, 11:29 am
Brian Blum
Blum Law Office, PLC
Re: will vs. pod accounts
The Payable on Death (POD) election bypasses the will. In other words, the POD beneficiary gets the account, NOT the beneficiaries under the will.
Answered on 5/02/07, 7:38 pm
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