Designate a beneficiary for "pay on death" (POD) If you don't have a joint bank account with rights of survivorship, you might need to take extra steps to make sure your money goes to the right ...

An increasingly popular way to avoid probate and other estate planning issues is the transfer on death or payable on death account ... family have enough cash to pay expenses.

In addition, many financial companies allow you to name beneficiaries on non-retirement accounts, which are known as TOD (transfer on death) or POD (pay on death) accounts. Don’t Want to Leave ...

There are several financial tasks to do after the death of a loved one, including informing financial institutions and closing accounts ... but heirs will need to pay off mortgages or other ...