Are Your Bank Accounts Setup to Give Your Money Away?
If you don’t know, then you should check TODAY! In fact, after reading this information post, you should contact your bank and find out. Check the “Pay on Death” Designation on Your Bank Accounts Just when your family is likely to need that money the most, they may not have access to you. Why? You did not specify who should receive the money upon you death. In other words, you did not designate a “Pay on Death” beneficiary on your bank accounts; checking, savings, money market, etc. “Pay on Death” is a designation used by banks that allow you to…
