When a person passes away, their assets are distributed in ance with either their estate plan or California's intestate succession laws. However, certain assets, including most bank accounts, can pass directly to beneficiaries, without the need for probate or the court's intervention.
A payable on death (POD) designation means your bank account automatically transfers to a beneficiary upon the death of all account owners and co-owners. Setting up a POD beneficiary allows you to plan for the future and make your financial wishes clear.
Notarized Beneficiary Letter of Instruction is completed by the named beneficiary(s) listed on an account and provides instruction on where the disbursed funds should be sent or transferred.
Mail - send a request in writing to: . FL1-300-03-15. PO Box 25118. Tampa, FL 33622-5118.
Log in to designate or update your beneficiaries For your accounts, sign in to Online Banking, select the account, and then in the 'Features' menu, select 'Manage' next to 'Beneficiaries. ' You can also visit a financial center if you need assistance.