Wells Fargo Informative - Pod bank account - a pod account
NEVADA -- I will get right to the point. I was left two bank accounts by my grandfather who passed in 2002 one account was in trust for the other was a payable on death account which was to be given to me upon the passing of his two sisters.both sisters have passed the last passed in August of 2006 I was never contacted of her death as I live in ny, they resided in nevada. When I contacted wells fargo about my account I was told my 87 year old aunt closed this account in April of 2006. if this account originated with my grandfather and his wishes were that I should receive this one at a later time why was she allowed to do this by the bank?????
I have been very hurt by this whole affair especially knowing how my grandfather would feel knowing that in good faith he left his lifes savings to his granddaughter and this is what happened.he obviously missplaced his trust in family and his financial institution I feel some reform shoud be made with pod's or inform the owner of the account that other people can trample their wishes by leaving a "pod' versus 'in trust for' accounts.