If a Beneficiary Dies Before You Do

If a POD beneficiary you've named dies, be sure to name a new beneficiary.

Most of us choose people younger than ourselves to inherit our money and property, fully expecting them to outlive us. But sometimes this natural course of events is disrupted. If someone you have named as a POD beneficiary for a bank account or CD dies before you do, you should change the necessary paperwork at the bank to put a new beneficiary inâ

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