Let’s talk about the ultimate financial magic trick. No, not turning pennies into gold—that’s for fairy tales. This is the real-world sorcery where, with a simple form at your bank, you can make your life savings instantly appear in your loved one’s hands the moment you’re gone, bypassing the dreaded dungeon of probate court. Forget the dusty, formal will as the only way to pass on your cash.
For the money you have sitting in checking, savings, or CDs, there’s a sleeker, faster, and often far superior option: the Payable-on-Death account.
