What Are POD and TOD in Estate Planning?
Payable on Death (POD) and Transfer on Death (TOD) are simple tools that let assets pass directly to named beneficiaries without going through probate.
POD applies to bank assets like checking, savings, CDs, and IRAs. TOD typically covers investments such as stocks and brokerage accounts, and in some states, even real estate or vehicles.
With both, assets transfer to beneficiaries after the account holder’s death, avoiding court delays. Beneficiaries must provide a death certificate and ID to claim. These designations override wills, so it’s essential to keep them updated especially if a beneficiary passes away.
POD and TOD are free to set up, easy to manage, and give you control. But they don’t replace a full estate plan they don’t handle guardianship, complex distributions, or trust-based planning.
To keep things smooth, use POD/TOD alongside wills, trusts, and powers of attorney.
You can call me or message me if you have a trust, will or any documents that need to be notarized. I’m local here in Glendale and also serve the surrounding communities. I come to you where ever it is needed. If you need help getting an trust done, I have referrals that can help. From attorneys to legal documents prepares and do it yourself sites.
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Pam Adame Mobile Notary & Apostille Service
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