Payable on death designation - sustany/dvg GitHub Wiki

A payable-on-death (POD) designation, according to Keul v. Hodges Blvd. Presbyterian Church, is a �will substitute� that does not transfer ownership of the property until the death of the designator. POD designations often appear during estate planning because they are easy to set up.�

POD designation allows the designee to receive the property upon the designator�s death, but the designee does not have equal access to the property during the designator�s life. For instance, the designee of a POD account, according to Fairfield Nat'l Bank v. Chansler, cannot withdraw any money before the designator�s death and has no legal redress to protect him or herself against wasteful uses of the fund by the designator.�