My mother passed in January. She had several CDs, POD to me. My brother is executor, and when he closed her checking account, he took the CDs also. Is this legal?
If the Certificate of Deposit accounts were still properly designated as payable on death (POD) to you, they became yours upon your mother's death. They were not properly surrendered to your mother's estate, and the bank was as much at fault as your brother.
Verify with the bank that your mother had not canceled her POD designation on the accounts. That designation is totally revocable until the owner's death. If you find that the POD designation remained at her death, and you are not able to obtain the funds from her estate, you should notify the probate court handling your mother's estate, and consult an attorney to protect your interest in the funds.
BankingQuestions.com is a free service made possible by the generous support of our advertisers. Advertisers are not responsible for site content. Please help us keep BankingQuestions.com FREE by supporting our advertisers. When you see an ad for a product or service you may have an interest in, click through to learn more.