How can I claim a pay-on-death CD after a grandparent dies? | NC

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Q: How can I claim a pay-on-death CD account after a grandparent dies? A: A pay-on-death certificate of deposit usually passes directly to the named beneficiary when the last surviving account owner dies. It normally does not go through ordinary probate distribution. Start by contacting the bank or credit union that held the certificate of deposit. Ask for its pay-on-death claim forms, and…