Clause tied to money that only allows the beneficiary to receive the funds after the owner had died. Beneficiaries have no claim to the money until the death occurs. The owner has the ability to change the POD beneficiary at any time. POD orders are often taken out on bank accounts and other investments.

Related information about pay on death:

1. Payable on Death Bank Accounts: Pros and Cons - Yahoo! Voices ...
   Sep 26, 2006 ... does the person who is the beneficiary of the pay on death pay taxes state or federal? Does the State of Ohio have any other restriction or ...
    
2. Avoid Probate With Pay-On-Death Accounts
   With either a transfer-on-deth or a payable-on-death account, you are in control. The assets in the account pass directly to your named beneficiary and bypass ...
    
3. Payable On Death (POD) Definition | Investopedia
   An arrangement between a bank or credit union and a client that designates beneficiaries to receive all the client's assets. The immediate transfer of assets is ...
    
4. How do I set up a payable-on-death account? - Nolo.com
   If I establish pay-on-death for my accounts and I die, can the person I have designated on the account get access to my money right away, or is the money ...
    
5. Pay-on-death designation avoids probate
   May 31, 2007 ... Basically, the pay-on-death designation on stock and bank accounts means you avoid probate and may not need a will, says CPA George ...
    
6. The Law Offices of Jean D Chen :: Pay on Death Account Setup
   Pay on Death Account Setup. Pay on death (POD) designation allows you transfer an account to a beneficiary in the event of your death. POD accounts can ...
    
7. Recipient of pay-on-death account funds not liable for estate taxes ...
   May 7, 2010 ... May 7, 2010 – Under federal and state tax law, the recipient of a pay-on-death ( P.O.D.) account is not required to reimburse the decedent's ...
    
8. Issues With Pay on Death Accounts | Bieging Shapiro & Barber
   By: John Burrus, Esq. To avoid the costs associated with probate proceedings, an individual may arrange for the transfer of an asset by means of a separate.