I saw this on whatsup

How true is this??

IF YOU DIE TODAY, YOUR NEXT OF KIN WILL NOT HAVE ANY ACCESS TO THE MONEY IN YOUR ACCOUNT!!!

So many Nigerians think that their next of kin is the automatic heir to their account. But the truth is that if your next of kin is not a signatory to your account, and you don’t have a written will to determine that person’s legitimacy, the person will not have access to that money at all. Your bank will have to go through a process called a LEGAL PROBATE. This probate period helps them determine who gets the money in your account. This is a very very lengthy and expensive process. Even after the whole process is done, your family will have to forfeit some very reasonable amount of the money for legal fees.

But if you want to avoid this , simply request for your bank to give you something called a POD form. POD stands for PAYABLE ON DEA*TH. The name of the person you fill in that POD form will determine who will get your money . All the person needs to bring is a de*ath certificate to get that money out.

With a POD form , you will save your family the stress of going through all that lengthy legal process and even loosing some money to the law.

I just thought I should let you know this😊

G

Then what is the essence of filling next of kin

Legal practitioners and bankers your opinions are highly needed

Please mods move to front page

Let's learn

jaeyking:
Then what is the essence of filling next of kin

Legal practitioners and bankers your opinions are highly needed

Please mods move to front page

Let's learn

this is my thought also

What is the essence of next of Kin Form (maybe for decoration)

Reggaemich:
I saw this on whatsup

How true is this??

You maiaraland people don't get tired see same topic below.


https://www.nairaland.com/7667789/next-kin-not-access-money#122770633