
Difference Between Transfer on Death and Payable on Death Designation
Gabriel Katzner - November 30, 2024 - Beneficiary
Transfer on death and payable on death are two designations used to transfer assets to beneficiaries when an account holder dies without going through probate. Payable on death means that the assets in the account are transferred to the beneficiary. Transfer on death not only transfers the assets to the beneficiary but also ownership of […]
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