Can a POA be a beneficiary of a TOD account?

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1075997

2026-08-14 10:45

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Yes, a Power of Attorney (POA) can be named a beneficiary of a Transfer on Death (TOD) account, but this depends on the specific laws of the state and the terms of the account. However, it's important to note that a POA's authority typically ends upon the principal's death, and the beneficiary designation generally directs the assets to the designated individual rather than the POA. It’s advisable to consult with a legal professional to ensure compliance with relevant laws and regulations.

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