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IN RE ESTATE OF MOORE

No. 1 CA-CV 03-0422.

97 P.3d 103 (2004)

209 Ariz. 3

In the Matter of the ESTATE OF Florence E. MOORE, Deceased. Cheryl McHatton; Christine Ilseman, Petitioners-Appellants, v. John Ribeiro, Respondent-Appellee.

Court of Appeals of Arizona, Division 1, Department E.

September 14, 2004.

Attorney(s) appearing for the Case

J. Jeff Richardson, P.C. By J. Jeff Richardson, Tempe, Attorneys for Petitioners-Appellants.

Murphy Law Firm, Inc. By Thomas J. Murphy, Phoenix, Attorneys for Respondent-Appellee.

OPINION

NORRIS, Judge.

¶ 1 Frequently, a person who opens a checking or savings account with a financial institution will direct the institution to distribute the monies in the account to a designated beneficiary upon the account owner's death. Such an account is known as a payable-on-death ("P.O.D.") account and allows the account owner to transfer property outside the probate process. When the sole owner of...

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