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#LegacyAssurancePlan -Court Case Highlights Possible Risks Of Pay On-Death Accounts In Estate Planning

Estate plans of legacy Assurance Plan of America can employ many different tools to accomplish the desired goals. In some plans, a pay-on-death account can help achieve those ends.

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#LegacyAssurancePlan -Court Case Highlights Possible Risks Of Pay On-Death Accounts In Estate Planning

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  1. legacyAssurancePlan - Court Case Highlights Possible Risks Of Pay-On-Death Accounts In Estate Planning

  2. A recent North Carolina case recited what happened when an 11th-hour pay-on-death (POD) account did not meet the state's statutory requirements for such accounts. Although the money eventually was distributed to the desired person, the case still highlights the possible pitfalls of using POD accounts in estate planning. The case centered on the estate plan of James Nelson of Boone, NC. Nelson's plan included a revocable living trust, which he had funded. In early October 2008, Nelson wanted to change his estate plan. He called his credit union to move $85,000 from an account held by his trust into a new account. The new account had Nelson as the owner and had, as its POD beneficiary, Nelson's daughter, Martha, who also lived in Boone. Legacy Assurance plan ofAerica would solve your Complicated questions concerning the status and treatment of a decedent’s bank accounts often come up when administering estates.

  3. What Are Some of the Advantage of Payable on Death Accounts? • Before you set one up, it’s helpful to learn some of the pros and cons of POD accounts. Some of the pros include: • Easy to Create • No Monetary Limitations • Easy to Claim the Money • Multiple Beneficiaries

  4. Breaking Down Payable On Death - POD

  5. Contact Us A complete Florida about estate plan includes financial and healthcare powers of attorney in the vast majority of situations. In all diverse situation Legacy Assuranc Plan can Assist you. The best way to get guidance on your specific estate plan is to contact a estate planning lawyer. To schedule a meeting with an attorney, please call 844-306-5272 or email at info@legacyassuranceplan.com http://legacyassuranceplan.com https://www.youtube.com/watch?v=pDwCDT0E-AE https://www.youtube.com/channel/UCx9HBYFIYdohfnrfW_XRkIQ https://www.angieslist.com/companylist/us/fl/university-park/legacy-assurance-plan-reviews-8660790.htm http://www.yelp.com/biz/legacy-assurance-plan-university-park-3 https://legacyassuranceplan.wordpress.com https://legacyassuranceplan.blogspot.com http://legacyassuranceplan.weebly.com http://legacyassuranceplan.kinja.com

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