By Ann Saponara | Published November 7, 2013 | Posted in Bank accounts | Tagged Tags: beneficiaires, contingencies, Payable on death, POD, TOD, transfer on death, trust |
Not necessarily. A trust is a better way to control who gets what when you pass away. A ‘Transfer on Death’ (called a “TOD”) or a ‘Payable on Death’ (“POD”) designation on your checking, savings and brokerage accounts is a good idea if you do not have a trust but having a trust is an Read More
Read MoreYes, if you have assets that do not exceed $150,000. But if you have assets that exceed that, your estate will have to be probated. Probate Court is time consuming and expensive. It serves an important role in our society of distributing an estate’s assets but most people would like to avoid it if they can. And your heirs can if Read More
Read More