195K views · 11K reactions | What happens to your bank account when you die? #bankaccount #probate #inheritance #estateplanning | MP Estate Planning UK | Facebook
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195K views · 11K reactions | What happens to your bank account wh…
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Naming a #beneficiary on your bank account avoids probate—but it won’t help if you're incapacitated. Consider also naming a #signatory who can manage the account if something happens to you. It’s a smart way to stay protected without exposing your funds to someone else’s creditors. #BankAccountTips #PowerOfAttorney #ProbateAvoidance #TennesseeLaw #FinancialWellness | Vermillion Law
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1.5M views · 10K reactions | Ask your bank about PODs! How to avoid...
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1.3M views · 8.7K reactions | What happens to a parent’s bank account...
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naming beneficiaries like a POD or a TOD on a bank account is a great way to avoid the probate process. If the bank is handling things properly, all it requires is a death certificate from the person who passed away and an ID from the beneficiary. Naming beneficiaries can be an essential part of a complete estate plan along with a living trustand a durable power of attorney. | Pevney Estate Planning
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