Can my sister claim a POD account left to me by my mother?
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Can my sister claim a POD account left to me by my mother?
My mother made me POA. My sister later took her and had her sign another POA with
equal rights for us both. My mother has 2 savings accounts that I am handling her
care with that are POD to me. Do they transfer directly to me or can my sister go
after them?
Asked on April 1, 2018 under Estate Planning, North Carolina
Answers:
M.D., Member, California and New York Bar / FreeAdvice Contributing Attorney
Answered 6 years ago | Contributor
First of all, a POD imparts no inheritance rights; in fact it ends upon the death of the principal (i.e. in this case your mother). A POD transfers funds to the the party names as the beneficiary (i.e. in this case you). Accordingly, your sister has no claim on the account.
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