Payable-on-Death Account

A Payable-on-Death (POD) Account is a financial account, such as a bank account or a certificate of deposit, that allows the account holder to designate a specific beneficiary who will receive the funds in the account upon the account holder's death. This designation operates outside of the probate process, making it a straightforward way to transfer assets to a chosen beneficiary without the need for a will or going through the probate court.

IRI: http://lmss.sali.org/RBuTEIGtnRtDRIUgtUfxTLS
Branch: Asset Type
Source: From LIST: Legal Issues Taxonomy — https://taxonomy.legal/

Also known as

POD

Ancestry paths

Asset Type Tangible Assets Cash and Cash Equivalents
Asset Type Financial Assets Cash and Cash Equivalents

Generated from sali-legal/LMSS at 3f9ac0c9357b (2026-03-10). JSON