The Difference Between a Will and 'Payable on Death' Account (and When to Use Them)
by Mike Winters from Lifehacker on (#5QE1N)
When you die, sorting out your estate can take over a year. For that reason, you might want to consider converting some of your bank accounts to payable on death" (POD) accounts, which give your heirs quick access to those funds. PODs shouldn't necessarily replace the comprehensive estate planning that you get with a...