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James p, Prescott
July 18, 2015 10:07:26 AM
In reply to James p, Prescott
Thank you for bringing your question to TD Help today, James P.
Generally speaking, a Payable On Death account is an account held by the account owner for the benefit of another upon death of the owner.
Upon the Owner’s death, the funds are distributed to the beneficiaries named on the account subject to State inheritance or estate tax laws.
If you'd like to discuss it further with us, please feel free to reach out to our Banking Specialists 24/7 at 888-751-9000. You may also stop by your local TD Bank Store location. To find out the nearest TD Store near you, please visit, http://bit.ly/TDStores.
Thank you again for stopping by, James. Take care!
LiShu R, Mount Laurel
July 18, 2015 10:11:33 AM