Legal advice about payable on death issue?:
Dear Friend,

Do not let them do this.  A person listed as "payable on death" has ZERO interest in your account while you are still alive.  They just get any assets left WHEN you die, they are not on the hook for any liabilities -- certainly not while you're alive.  Let them know you'll get a lawyer if they don't change their tune -- and that it'll cost them a LOT more than $800.  Bank stealing money from innocent children?  Most judges and any jury in the world would eat that up.

Your Friend,
Francesois