How would we handle an account (in Ohio) where a personal deposit account has one POD and both the owner of the funds and the POD are now deceased. The owner had never updated the signature card after the death of the POD. Would the funds go to the estate of the owner or to the estate of the name POD?
Any insight would be greatly appreciated, thank-you in advance!
I'm not sure what Ohio does, but in Florida, if the bene predeceases the account owner and the account owner didn't name another bene and passes, the funds would be considered part of the decedent's probate estate.
Thank-you very much for your reply! We have an Ohio Deposit Account manual that does state the same as you mentioned for Florida (our manual is a bit outdated 2004) So we were not sure if anything could have possibly changed. Thank-you again!
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