Why you should request for POD Form your Bank instead of NOK form #deathbenefit #bank #litigation

Top bank secret
You think when death called you home your Next of Kin is the automatic heir to their bank accounts. Do you want to know the truth? You are lucky you find this video.
Your next of kin in the event of death or any other unfortunate event has no automatic access to your bank account. The bank will not tell you this but they will make you believed that on the event of unfortunate event occurrence. Stay through to know how to mitigate this and avoid lossing your money also.
This why your next of kin can automatically have to your account
your Next Of Kin is not a signatory to your account, and probably you don’t have a written will to determine your next of kin's legitimacy, so your next of kin will not have access to that money at all.
At the event of your departure, your next of kin trying to get back your money, Your bank will have to go through a process called a LEGAL PROBATE.

This Probate period helps them determine who gets the MONEY In your account.

This is can a very lengthy procesd and expensive because of court fee and bank charges.

Even after the whole process is done, your family will have to forfeit some very reasonable amount of the money for legal fees.
How can you avoid this? this is what you need in bank

If you want to avoid this, just request your bank to give you a POD form. This stands for "PAYABLE ON DEATH". Which means you are authorising the bank to pay your beneficiary immediately at the event of your death

The name of the person you fill in that POD form will automatically get your money without litigation.

At the event of your departure even without your written will all the person needs to bring to the bank is your death certificate to get your money out.

With a POD form, you will save your family the stress of going through all that lengthy legal process and even losing some money to the Law and to the bank and your soul will be rest assured that your beneficiary and family get your money