Can relatives delay a pay-on-death beneficiary’s funds? | NC

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Q: Can a surviving spouse or relative delay a pay-on-death beneficiary from receiving funds? A: Usually, no. In North Carolina, if the pay-on-death account was validly set up, the named beneficiary survived the account owner, and the last account owner has died, the funds generally belong to that beneficiary. The money usually does not pass through the will, and probate is usually not required…