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Estate Planning

: Wills, Trusts & Estates Prof Blog

Incorporated Charity Cannot be Beneficiary of POD Account and Cy Pres Cannot be Used to Give the Charity the Property

By Trusts EstatesProf

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In Tuvim v. United Jewish Communities, Inc., the decedent named an incorporated charitable entity as the POD beneficiary of five certificates of deposit and a trust account. Because the relevant Georgia statutes limit beneficiaries of such POD accounts to ?persons?...

Full post as published by Wills, Trusts & Estates Prof Blog on August 19, 2009 (boomark / email).

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