If my bank accounts have pay-on-death beneficiaries, do I still need a revocable trust? | NC

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Q: If my bank accounts already have pay-on-death beneficiaries, do I still need a revocable trust for my estate plan? A: Not always—but pay-on-death designations only control the specific bank accounts that have those beneficiary forms on file. They can help those accounts pass directly to the named people at death, often with less probate involvement for that money...but they do not cover…