What is the difference between "transfer on death" and "pay on death". Advantage either way?

Father refused to complete will -now has Alzheimer's. Most of CD's and IRA's have POD but one fund has TOD.

Answer:
Transfer on death is used for items that have titles... such as cars or boats... pay on death has to do with financial documents

The difference is that one of them the funds are to be disbursed upon his death no matter what., the other is to be transfer to a certain party and they can do with it what they like!
Maybe get a lawyer to see if you can petition your fathers assets

The answers post by the user, for information only, FreeLawAnswer.com does not guarantee the right.

Answer question:


More Questions and Answers:
  • Is it illegal for me to bet on sports online?
  • If prostitution is illegal(in most localities), why aren't porn actors and actresses charged with prostitution
  • Can someone use a picture of my son on merchandise without my permission?
  • What are the consequences for a DUI plus a Hit & Run in California?
  • How do you make someone your legal guardian?
  • Should the FDA require labels on meat designating its country of origin?
  • What are the specifics of the Scooter Libby case?
  • Small claims court please help?
  • Can a person with aspergers (autisum) learn to drive ?
  • How does this premise liability work out?