The Pros and Cons of Transfer on Death Accounts

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The Pros and Cons of Transfer on Death Accounts

The Transfer on Death (TOD) account or a Pay on Death (POD) account is a type of account often used for estate planning purposes due to its ability to bypass the probate process. Any assets placed in the account pass on directly to the beneficiary named by the owner of the account. Here’s a quick […]

Strategies to Avoid Costs Associated With Probates

Sometimes, it’s in the best interest of people planning their estate to do what they can to avoid probate. Here are a few examples of some of the strategies you can use to avoid probate. Use a trust: Revocable living trusts can be used to bypass the probate process. Trust property is not probated, meaning […]