Payable on death and transfer on death designations pass assets directly to the named beneficiary. Disputes involve capacity, undue influence, improper designation procedures, and conflicts with the will.
The will does not override the designation.
Alternative Names:
POD Dispute|Transfer on Death Dispute
Why it Matters?
The will does not override a valid designation, which surprises families whose estate plan directed different disposition, and a testator who updated their will without updating account designations produces exactly that conflict. Challenges must attack the designation itself through capacity or undue influence rather than relying on contrary testamentary intent. Institution procedures for changes are separately contestable where not followed.
Frequently Confused with
Related terms
Frequently asked questions
Does a later will override the designation?
How must the designation be challenged?
