Legal Question in Banking Law in Virginia
If the POD beneficiary on a bank acccount dies before the account holder, should the account holder name a new beneficiary right away in the Commonwealth of Virginia?
Asked on 4/13/17, 6:14 pm
1 Answer from Attorneys
Daniel Press
Chung & Press, P.C.
Yes. Otherwise the account will become part of the account holder's probate estate.
Answered on 4/14/17, 3:25 am
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