Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

How does the death of a beneficiary of an informal revocable trust (e.g., POD account) affect insurance coverage?

April 26, 2017account affect Beneficiary death Informal insurance coverage POD Revocable Trust

0

Posted

How does the death of a beneficiary of an informal revocable trust (e.g., POD account) affect insurance coverage?

1 Answer

0

Posted

There is no grace period if the beneficiary of a POD account dies. In most cases, insurance coverage for the deposits would be reduced immediately.