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Transfer on Death vs. Payable on Death

They might sound similar but the details matter

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  • Estate planning often involves joint ownership of property with a spouse and naming beneficiaries for various accounts, such as banking, retirement, and life insurance.

  • Payable on death (POD) beneficiaries and transfer on death (TOD) beneficiaries are commonly used for these accounts and real property in states where the law allo…

The full video is for paid subscribers