Open Question: i just opened a bank account, can u explain 2 me what the P.O.D designation is all about?
i just opened a bank statement and i have a single party statement with P.O.D designation. can u tell me what this is? i picked a p.o.d beneficiary, does this mean if i die that mortal gets my money? if not, how do i set it up where that mortal gets my money? is the only way by making a will?
Posted: August 20th, 2008 under Personal finance.
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