Legal Question in Wills and Trusts in Florida

Trust vs POD and TOD?

I am wondering how my children will demonstrate to banks, brokers etc. that my will is ''official'' or legitimate if I title my property jointly and my bank and investment accounts as POD and TOD, assuming POD and TOD are permitted in Florida. Then my estate and will won't be subject to probate and won't have the sanction of a court. Will they need certified copies of the will and if so, how does one get copies certified?

I expect to be dividing bank and investment accounts unequally which I will be specified in the will. May POD and TOD accounts have different percentages going to different beneficieries?

Finally, would a TODD (transfer on death deed) be preferable to joint tenants with rights...?

Thank you very much.

RK


Asked on 6/16/03, 1:43 pm

1 Answer from Attorneys
David Slater David P. Slater, Esq.

Re: Trust vs POD and TOD?

If all of your property is held jointly or POD there is no need for a will.

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Answered on 6/16/03, 2:38 pm


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