))
Your Money, Your Rules | Money Mindset, Money Management, Abundance Mindset, Budgeting, Spirituality
«
»
119 | Are Your Bank Accounts Set Up Properly to Bypass Probate?
Manage episode 489663207 series 3573046
Content provided by Erin Gray | Wealth Coach, Former CFP and CFO, Erin Gray | Wealth Coach, Former CFP, and CFO. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Erin Gray | Wealth Coach, Former CFP and CFO, Erin Gray | Wealth Coach, Former CFP, and CFO or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.
Do you have the proper beneficiary designations setup on your bank accounts? In this episode, I dive into the overlooked yet essential role of Payable on Death (POD) designations in estate planning.
Whether you have a will, trust, or both, your plan might still not include properly designated PODs on your bank accounts, CDs, and money market funds.
In this episode I discuss:
- What a POD (or TOD) designation actually does
- How PODs help your loved ones avoid probate delays
- The simple, free process to set them up through your bank
- Common mistakes—like assuming joint accounts are enough
- Why naming minors as POD beneficiaries isn't recommended
Other ways to connect with me:
➡️ Join here
Grab your free Human Design chart
➡️ Schedule your free clarity call here
From my soul to yours,
Erin
Chapters
1. Introduction to POD Designations (00:00:00)
2. Understanding PODs and Their Importance (00:01:42)
3. Common Misconceptions About Beneficiaries (00:04:44)
4. How to Set Up Your PODs (00:06:45)
5. Overcoming Resistance to Estate Planning (00:08:41)
6. Call to Action and Closing Thoughts (00:11:36)
158 episodes
Share
