Name TOD Beneficiaries on an Account or Transfer it to a Trust

TOD beneficiaries vs transfer to trust | The Pollock Firm LLC

One of the most common questions I get as an estate planning attorney is whether clients should name TOD beneficiaries on an account or transfer it a Trust. A TOD beneficiary designation means “Transfer on Death”. Some financial institutions also call this a POD designation (or “Pay on Death”). Usually the people who name TOD […]