Living trusts generally allow a smoother, more organized settlement of the estate than other probate-avoidance options.

Another problem with payable on death accounts is that if almost all of the assets are payable on death and you have debts, taxes and expenses in the estate, it’s difficult for the executor to ...

Payable on death (POD) and transfer on death (TOD) accounts both offer a unique mechanism for streamlining the transfer of assets when an account holder dies. Assets held in POD and TOD accounts ...

A payable-on-death (POD) bank account simplifies and speeds up the process of transferring the assets in your bank or credit union accounts to one or more beneficiaries. Here’s a closer look at ...

Learn how to prevent your bank accounts from being frozen after death with smart estate planning tips that protect your money ...

Question: "Would payable on death accounts need to be included in a revocable living trust?" Answer: If you have an account that is set up with a beneficiary, ...

Why payable on death is not a replacement for a will. PODs can be a good way to transfer money over to a beneficiary in a hurry, but they do have some drawbacks that make them less flexible than ...

A. The simple answer is yes. Both Payable-on-Death (POD) and Transfer-on-Death (TOD) accounts are available in New Jersey. Both types of accounts allow you to name one or more beneficiaries of the ...

Payable on death accounts don’t allow restrictions. Should you become incapacitated, the successor trustee of your living trust could access trust assets to pay for your care.

If there was a payable-on-death (POD) beneficiary named, it will pass to them. Otherwise, the CD will be part of the probate settlement on the deceased person’s estate.