Payable on death

Payable on death (POD) is an arrangement between a bank or credit union and a client that designates beneficiaries to receive all of the client’s assets. The immediate transfer of assets is triggered by the death of the client. Though morbid, these structures are important to understand—Read more at Investopedia. Kagan, Julia. “Payable on Death (POD).” 16 November 2019