More Important Title Techniques: Transfer or Payable on Death (The TOD & POD)

Depending on the situation, it may be desirable to automatically direct an assets destination upon death. There are several techniques available to direct assets in the event of the owner’s death.

Transfer or Payable on Death (TOD & POD)

Here are the highlights of using this terminology:LivingTrustEstatePic

  • Avoids Probate
  • Fast acting, death certificate is generally only document needed
  • Easy to set up (Usually just a simple form that adds titling)
  • Does not change the original title of the account

Depending on the asset (stock, house or other) there may be certain restrictions in your state. More here too from 2012!

Estate planning requires coordination and forethought from every angle … yell if you have ANY questions!

Have a Great Day!

John A. Kvale CFA, CFP
8222 Douglas Ave # 590
Dallas, TX 75225
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