Beware of Immediate Transfer Designations – TOD’s, POD’s and Simple Beneficiary Designations

Immediate transfer designations, like POD’s (payable on demise designations) and TOD’s (transfer on death designations), and very simple beneficiary designations, are mechanisms by which an account or other asset is transferred or compensated on the death of the account holder or asset operator to a beneficiary. They are usually advised by the administrator of the …

Beware of Immediate Transfer Designations – TOD’s, POD’s and Simple Beneficiary Designations Read More »