Can I have more than one Payable On Death (POD) named on an account?

Short answer: Yes!

The owner of the account has the right to name any amount that they choose, and their financial institution will allow. There is no eliminating of PODs named – if you name more they do not erase the previously named beneficiaries, unless you choose to do so.

When the last owner of the account passes away, the money remaining in the POD account will be paid to the beneficiaries listed.

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