Beware of Direct Transfer Designations – TOD’s, POD’s and Simple Beneficiary Designations
Monday, February 8th, 2010Direct transfer designations, like POD's (payable on death designations) and TOD's (transfer on death designations), and simple beneficiary designations, are mechanisms by which an account or other asset is transferred or paid upon the death of the account holder or asset owner to a beneficiary. They are often recommended by ...
