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 ...

If your only asset is your 401(k), your beneficiary will receive that money even if the estate has bills to pay.

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 ...

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.

Investopedia / Joules Garcia The transfer on death (TOD) designation allows an account holder to pass assets from brokerage accounts, stocks, and bonds at their death, bypassing probate.

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 ...