Commissions do not affect our editors' opinions or evaluations. A payable-on-death (POD) bank account simplifies and speeds up the process of transferring the assets in your bank or credit union ...

My wife and I, like most married couples, share a bank account from which either of us can write checks ... on death (TOD) accounts (also known as Totten trusts, in-trust-for accounts and payable ...

Investopedia / Joules Garcia A transfer on death (TOD) is a legal designation that allows named assets to automatically pass to stated beneficiaries upon the account holder's death. A transfer on ...

In those cases, there is also a way to transfer those assets outside of probate using what are commonly called Payable on Death (POD ... remind our clients to check their beneficiary designations ...