Can a relative spend a CD if I’m the POD beneficiary? | NC

About this video

Q: Can a relative keep or spend a CD account if I was named as the pay-on-death beneficiary? A: Usually, no. If the certificate of deposit was a valid pay on death account, and you survived the last account owner, the money left in the account at death generally belongs to you as the beneficiary. It does not belong to relatives, heirs, or a surviving spouse just because they are family. A will…