Tag Archives: Designations

Beware of Direct Transfer Designations – TOD’s, POD’s and Simple Beneficiary Designations

By | March 29, 2021

Direct switch designations, like POD’s (payable on dying designations) and TOD’s (switch on dying designations), and easy beneficiary designations, are mechanisms during which an account or different asset is transferred or paid upon the dying of the account holder or asset proprietor to a beneficiary. They are continuously really helpful via the administrator of the account, reminiscent of… Read More »