The 4 Pitfalls Of ‘Designated Beneficiaries’ On Transfer On Death Investment Accounts

The 4 Pitfalls Of ‘Designated Beneficiaries’ On Transfer On Death Investment Accounts

Please be aware of the pitfalls of using a TOD transfer on death beneficiary designation. (Photo … [+] credit should read STR/AFP via Getty Images)

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When you set up an account to “transfer on death,” the assets will go directly to beneficiaries upon the owner’s death. While these assignments can help avoid probate, this account titling should still be carefully coordinated…

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