Beneficiary Best Practices
Ensuring a beneficiary is listed on financial accounts is crucial for asset protection. Instead of adding a child or significant other as a co-owner, which can lead to complications with creditors, consider using Payable on Death (POD) or Transfer on Death (TOD) designations. These options keep the account title intact while allowing for a smooth transfer of assets outside of probate when the time comes.In this clip
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126 | Estate Planning Wills vs Trusts | Mark Moss
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