(Bulldog75): OOM 2/15/12

Bulldog75: ONE CAN HAVE SEVERAL $250,000 NON INTEREST BEARING ACCOUNTS IN ONE BANKING SYSTEM. THE KEY IS TO HAVE A SEPARATE NON DUPLICATING “POD” NAMED TO EACH ACCOUNT. IF U HAVE 10 BROTHERS/SISTERS/PARENTS/RELATIVES NAMED “POD” TO EACH SEPARATE ACCOUNT, THEN ONE COULD HAVE 10 SEPARATE LEGAL ACCTS RE-INSURED UP TO $250,000 FOR EACH ACCT. THIS WOULD TOTAL $2.5MILLION USD,IMHO, ALL RE-INSURED. BLESSINGS.

Bulldog75: YES. $250,000 ON INTEREST BEARING. UNLIMITED RE-INSURED ON NON-INTERST BEARING. THANKS.

Bulldog75: IF ONE HAS INTEREST BEARING ITS MAXED AT $250,000. BUT ONE CAN HAVE SEVERAL ACCTS OF 250K INTEREST BEARING REINSURED JUST HAVE DIFFERENT “PODs”. THANKS.

Bulldog75: A LITTLE CONFUSING AT FIRST; BUT MAKES SENSE IN THE LONG RUN. THE KEY IS HAVING POD’S TO PROTECT THE ESTATE. CAN U IMAGINE AN ATTORNEY GETTING A HOLD ON ONE’S BACK ACCCOUNTS BECAUSE ITS PART OF YOUR ESTATE? HEAVEN FORBID. HAVE “PODs” ON ALL ACCOUNTS!

Bulldog75: PAYABLE ON DEATH “POD” MEANS THE MONEY CAN BE AUTOMATICALLY GIVEN TO THE NAMED ‘POD’ WITHOUT ATTORNEYS OR ESTATE SETTLEMENTS.

Bulldog75: THIS COULD SAVE ONE MONTHS TO YEARS OF PROBATE SETTLEMENTS AND UNKNOWN $$$$$$$$ COSTS. ALWAYS HAVE A “POD” ON ALL POSSIBLE ACCTS.

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