Are Pay on Death Accounts a Simple Solution?
Pay on death accounts are sometimes used as part of an estate plan so the assets held within the accounts are able to transfer outside of probate. A pay on death account means that it is clear who the money in the account will go to: the person who is designated as the payee after a death. Because the process of transferring account assets happens upon death, there is no delay like occurs when assets must transfer via probate. Find out more her about whether pay on death accounts are a simple solution.