The CFO of Kellogg’s put everything in a trust for his 2 kids before passing away in 2022 — except a $56,000 checking account. But the bank wouldn’t release funds or …
When former Kellogg’s CFO Charles Elliott passed away in 2022, he left behind a carefully planned estate – with one flaw.
Kellogg’s CFO forgot to put an account with $56K in a trust before passing — bank wouldn’t release funds. Legal?
When former Kellogg’s CFO Charles Elliott passed away in 2022, he left behind a carefully planned estate – with one flaw.
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Which Account is Right for Your Legacy: Payable on Death vs. Transfer on Death?
Also known as Totten trusts, POD accounts avoid probate, the legal process for ... while POD accounts primarily hold savings ...
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Advantages And Disadvantages Of Using TOD Accounts To Avoid Probate
An increasingly popular way to avoid probate and other estate planning issues is the transfer on death or payable on death account. There can be more to these accounts, which I’ll refer to as ...