Can my sister claim a POD account left to me by my mother?

My mother made me POA. My sister later took her and had her sign another POA with
equal rights for us both. My mother has 2 savings accounts that I am handling her
care with that are POD to me. Do they transfer directly to me or can my sister go
after them?

Asked on April 1, 2018 under Estate Planning, North Carolina

Answers:

M.D., Member, California and New York Bar / FreeAdvice Contributing Attorney

Answered 2 years ago | Contributor

First of all, a POD imparts no inheritance rights; in fact it ends upon the death of the principal (i.e. in this case your mother). A POD transfers funds to the the party names as the beneficiary (i.e. in this case you). Accordingly, your sister has no claim on the account.


IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.