New Deed including Payable on Death (POD)
A life estate deed is a legal document that changes the ownership of a piece of real property.
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About this Package
What is a "payable-on-death" designation?
In California, you can add a "payable-on-death" (POD) designation to bank accounts such as savings accounts or certificates of deposit. You still control all the money in the account -- your POD beneficiary has no rights to the money, and you can spend it all if you want. At your death, the beneficiary can claim the money directly from the bank without probate court proceedings.