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What happens to the money in a CD payable on Death to someone who had predeceased the owner of the CD?
Please don't totally trust me on this but the money probably goes to the kids. If they didn't have kids, the money would go to family members and sadly if they didn't have family then it would go to friends. If, (even more sad) they didn't have friends, i have NO IDEA where it would go.
What else can I help you with?
What is a decease?
A 'deceased beneficiary' is the beneficiary of a life insurance policy or a 'payable on death' bank account who predeceased the insured or the account owner. A 'deceased beneficiary' could also be a beneficiary named in a will who predeceased the testator or who died during the probate of the estate.
What is a deceased beneficiary?
A 'deceased beneficiary' is the beneficiary of a life insurance policy or a 'payable on death' bank account who predeceased the insured or the account owner. A 'deceased beneficiary' could also be a beneficiary named in a will who predeceased the testator or who died during the probate of the estate.
When was Payable on Death created?
Payable on Death was created in 2003-07.
When was Payable on Death Live created?
Payable on Death Live was created on 1997-02-18.
Which one of William Shakespeare's children preceded him in death?
Shakespeare's only son, Hamnet, predeceased him.
What is a payable on death clause?
On your death, however you may die, any money due you from an insurance policy, or other source, is immediatley payable to your estate.
Can payable on death accounts beneficiary be a testamentary trust trustee?
Yes.Note that a payable on death account is paid over directly to its beneficiary and is not include in the probate estate.
What does POD mean on bank statement?
Payable on death
What happens to someone who sells deadly drugs in Mantua?
They are PUT TO DEATH!
Did shakespeare know women?
Yes. At his death he was surrounded by them: his wife, his two daughters, and his sister Joan. His son and all of his brothers had predeceased.
How would Maya Angelou summarize her feelings about discrimination?
Maya Angelou would summarize her feelings about discrimination as a behavior predeceased by death.
How are payable on death bank accounts handled after the account owner's death and is the executor involved in the settlement?
A payable on death account bypasses probate and is paid over directly to the beneficiary by the bank. They do not come under the control of the executor.A payable on death account bypasses probate and is paid over directly to the beneficiary by the bank. They do not come under the control of the executor.A payable on death account bypasses probate and is paid over directly to the beneficiary by the bank. They do not come under the control of the executor.A payable on death account bypasses probate and is paid over directly to the beneficiary by the bank. They do not come under the control of the executor.
