Pierce Law Group | Estate Administration Lawyers North Carolina
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Do I use date-of-death or current balance for a POD account? | NC

Pierce Law Group

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Q: When I list a payable-on-death bank account on the probate inventory, do I use the balance on the date of death or the current balance? A: You generally use the balance as of the date of death—typically including any interest that accrued up to the date of death. The current balance can change after death because of interest, bank fees, or withdrawals by the named beneficiary, so it is not…

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