Non-Probate Transfers: TODS, PODS, and Beneficiary Designations
What are non-probate transfers? Non-probate transfers are transfers of ownership that occur upon the death of the owner without needing to go through the probate. These are codified by statute in the Uniform TOD Security Registration Act. Transfer on death designations (“TODs”), sometimes called pay on death designations (“PODs”) and beneficiary designations, are the most […]
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