An individual checking or savings account can be set up to go automatically to another person when the depositor dies if it is set up as a(n)
A)payable at death account.
B)obituarial account.
C)estate account.
D)joint tenancy account.

Question

Quizplus · Accepted Answer

A payable at death account, also known as a POD account, is a type of account that designates a beneficiary to receive the funds in the account upon the account owner's death. This allows for the funds in the account to transfer directly to the beneficiary without having to go through probate.

An Individual Checking or Savings Account Can Be Set Up