Is Avoiding Probate with Beneficiary Designations a Good Idea?
Beneficiary designations come in many forms. First, you need to know your acronyms: JTROS – Joint with Right of Survivorship POD – Payable on Death TOD – Transfer on death There are also beneficiary designations, alternate beneficiary designations, and joint ownership with (or without) survival benefits. This is a confusing set of similar designations for [...]