Site: nolo.com
... If someone you have named as a POD beneficiary for a bank account or CD dies before you do, you should ... What Happens If a Beneficiary Dies
If you named more than one payee, and one or more of them dies before ... you do, the funds in the account will go to the survivor(s) at your death. ... That's because most wills contain what is called a "residuary clause," which names a beneficiary to inherit ... Mark does, however, have a will that contains a residuary clause, naming his daughter Madeline as residuary ... If a Beneficiary Dies Before You Do ...