Tag Archives: TOD

Pay On Death/Transfer On Death/Joint Ownership Pitfall

Dangers of using POD/TOD beneficiaries and joint ownership to avoid probate – you leave nothing in the estate or trust for the Personal Representative/Trustee to pay funeral expenses and other expenses of administration. A recent estate came in with this problem. If the PR/Trustee was the person receiving the POD assets, it would have been […]

By Kelly Wright | Published February 9, 2021 | Posted in Did You Know?, Uncategorized | Tagged beneficiary, estate, expenses, funeral, joint, ownership, Pay On Death, POD, TOD, Transfer On Death

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