The Pollock Firm LLC

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

Posted on May 27, 2020May 27, 2020

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 […]

Estate Planning

Reasons to Create a Will

Posted on March 1, 2020February 24, 2020

There are many reasons to create a Will. Overall, it makes it must easier and cheaper to handle your affairs after you pass away. Here are some specific reasons for a Will: General Benefits of Having a Will It ensures a clear WRITTEN clear plan for the distribution of assets after your death. Provides proof of […]