A payable-on-death (POD) account lets you name someone to receive the money in a bank account when you pass away. A common question is whether that money becomes part of your estate — and has to go through probate — in Florida.
POD accounts pass outside probate
Generally, a POD account passes directly to the named beneficiary and does not go through probate. The beneficiary simply presents a death certificate and ID to the bank. That makes POD designations a simple way to keep accounts out of probate.
But they’re still part of the bigger picture
“Outside probate” isn’t the same as “outside your estate” for every purpose — POD assets can still matter for estate taxes, creditor claims, and making sure your overall plan is fair and coordinated. Naming a POD beneficiary also overrides whatever your will says about that account.
Keep your beneficiaries current
Outdated beneficiary designations are one of the most common estate-planning mistakes. Review your POD (and retirement and life insurance) designations after any major life change so they still reflect your wishes.
POD accounts are a useful tool, but they work best as part of a coordinated plan. Hochberger Law can help make sure everything fits together.
This article is general information about Florida law, not legal advice. Every situation is different — please consult a Florida attorney about your specific circumstances.