What if a bank paid pay-on-death funds to the wrong person? | NC

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Q: What can I do if a bank released pay-on-death funds to someone other than the named beneficiary? A: First, confirm whether the pay-on-death designation was valid, and whether the deceased person was the last account owner. In North Carolina, if the account had a valid pay-on-death beneficiary and no surviving joint owner had priority, the remaining funds generally belong to the named…