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what is the difference between payable on death vs transfer on death accounts?

Difference Between Transfer on Death and Payable on Death Designation

By Andre O. McDonald | Posted on September 12, 2023

Adding a payable on death (POD) or transfer on death (TOD) designation to an account allows the assets (money and property) in that account to be passed to a named beneficiary when the original account holder dies. But what is the difference between payable on death vs transfer on death accounts? Like trusts, POD… Read More »

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