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The main benefits of a Payable on Death (POD) account at a bank are that it bypasses probate, leading to a faster, less expensive transfer of funds to your chosen beneficiaries, provides flexibility since you can change the beneficiary at any time and retain full control of the funds while alive, and is a simple, often free way to manage asset distribution outside of a will. #moneytips #payableondeath #probate FOLLOW @LindaMoneyTips to increase your financial knowledge in saving, budgeting, inve
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