I ask T-Mobile Money an estate planning question: How can my beneficiaries get my money if I die? I find out how T-Mobile Money deals with money after an account holder's death and whether they use POD (payable-on-death) forms.
Most financial institutions allow account holders to designate beneficiaries, generally with a POD form (payable-on-death). Generally, having a POD form on file with a financial institution allows money in an account to be directly transferred to beneficiaries after an account holder's death without having to deal with a will or probate. But this can only happen if a financial institution permits PODs.
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⚠️ DISCLOSURE ⚠️
* This video is only intended for general information and entertainment purposes, not professional advice.
* My opinions are my own. They do not necessarily represent anyone I work with or am associated with.
* I speak from my own knowledge, research, & life experiences. What I teach & share may not be suitable for you or your situation. Hire a qualified professional if you need to address a specific issue or situation.
* Matthew Chan, Real Estate Broker. GA License: 391253
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