18 Oct Disadvantage of Avoiding Probate Via Payable on Death (POD)
If you create a “payable on death” account which has two beneficiaries and one of the beneficiaries dies before you, that beneficiary’s half will not pass to his children; but, rather, to the other beneficiary regardless of what you intended.
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Michael Villasana
Founding & Managing Attorney
The Villasana Law Firm
Houston, Texas (713) 562-5620
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