finance
what is a transfer on death [tod] acct. mean?
Asked on 3/22/08, 3:49 pm
1 Answer from Attorneys
Richard Bryan
Richard Bryan Attorney PC
Re: finance
"Transfer on death" means that upon the death of the account owner the account can be transferred to another person without the need for probate or administration of the decedent's estate.
Good luck.
Rick Bryan
Answered on 3/22/08, 5:06 pm
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