Beware of Immediate Transfer Designations – TOD’s, POD’s and Uncomplicated Beneficiary Designations
Immediate transfer designations, like POD’s (payable on death designations) and TOD’s (transfer on death designations), and straightforward beneficiary designations, are mechanisms by which an account or other asset is transferred or paid out upon the demise of the account holder or asset operator to a beneficiary. They are normally suggested by the administrator of the […]