Using POD or TOD Accounts May Result in Undesirable Results in Certain Situations
Payable-on-death (POD) and transfer-on-death (TOD) accounts are attractive estate planning tools because they allow assets to pass directly to named beneficiaries without going through probate. This can save time, reduce administrative costs and provide your beneficiaries with quicker access to their inheritance. However, there are drawbacks to using these accounts. In some cases, they can […]
Should a Living Trust Be Part of Your Estate Plan?
A living trust is a powerful estate planning tool. It offers several advantages for individuals and families looking to manage their assets both during their lifetime and after death.