No one other than the owner of the account can change the POD beneficiary. However, there is a conceivable possibility that a person with a sole account naming a POD beneficiary later added a joint owner to that account. Upon the death of the original owner that account would become the sole property of the surviving joint owner who could then change the POD beneficiary.
You have to go to settings on apple.com on the computer or on your ipod or on your iPhone.
is pod incme taxable to the reciever?
An account held in a joint ownership with the right of survivorship will pass to the surviving account owner automatically when the first joint owner dies. When that happens the account becomes their sole property and can be left to an heir. The bank may allow the account owners to file a POD beneficiary who will inherit the account when the last surviving owner dies. You should discuss your questions with your bank.However, remember that when two people have a joint account and one dies the account becomes the sole property of the survivor even if the first to die had a POD.
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Yes, a guardian account can have a Payable on Death (POD) designation. This allows the assets in the account to pass directly to a named beneficiary upon the account holder's death, bypassing probate. It's important to check state laws and bank policies, as they may vary. Setting up a POD can simplify the transfer of assets and ensure they reach the intended beneficiary quickly.
Make an account on itunes then charge from your computer....
iPods do not support email - they are mp3 players.
on a bank account statement, it means Payable On Death
Payable On Death - there is a beneficiary on the account for some reason.
You put a sim card in it.