In Re Estate of Meyers - elective share and POD accounts
By: Rodger A. McEowen, Erika K. Eckley
In “Amended Elective Share Statute Does Not Include Funds Contained in Transfer-On-Death Account” the Iowa Supreme Court case In Re Estate of Meyers was analyzed. In this case, the court held that Payable on Death (POD) accounts could not be included in the spousal elective share, regardless of the decedent's control before death. Spousal elective share statutes allow for a surviving spouse to get a certain percentage of the decedent's estate instead of what they would have received under their spouse's will.
Download Full Article