Star One Credit Union
Planning Ahead
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Pay on Death (POD) Account

A Pay on Death (POD) account serves as instruction to Star One Credit Union that a designated account is payable to the owner or owners during their lifetimes, and upon the death of the last joint account owner, is payable to the named beneficiary(ies). This designation is completed on the Membership Application and Account Card.

Accounts payable to more than one beneficiary are owned jointly by such beneficiaries with right of survivorship.

POD beneficiary designation does not apply to IRA accounts. IRA accounts are governed by a separate beneficiary designation.

Note: The planning tips and guidelines on these pages are not intended as legal advice, nor to be construed as legal advice. For any legal or tax issues related to your personal situation, you should consult a qualified legal professional or tax advisor.

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