If you have a POD on a property or bank accounts, does it go through probate?
Estate Planning and Asset Protection for Rental Property Owners
I have an LLC. Great. Noelle, if you have a POD on a property or bank accounts, does it go through probate?
Question ID: 6604317 Status:
Open Feb 19, 2025 - 12:30 PM
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Answer
Feb 19, 2025 - 12:30 PM
Those accounts are not subject to probate because we have a home base for them. It's the beneficiary. With real property, though, Paul, I find that using a pay-on-death type of deed, they can be used, but they have problems with them.
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