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Payable on death vs having a trust for terminally ill mother?
Payable on death vs having a trust for terminally ill mother? My mother is terminally ill. Me and her are planning all of her finance stuff out which isn’t really too much. All she has is a bank account with $200k and about $20k of stock, no house. Is my thinking correct that all we need to do is add me and my siblings as POD to all bank and stock accounts and then I’m done right? Seems simple and doesn’t...
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