Transfer on Death (TOD)

Trust & Estate Planning Wealth Financial Terms Dictionary

Contents

Transfer on death applies to certain assets that have the name of the beneficiary.

The beneficiaries (or spouse) receive assets without going through a will.
TOD beneficiaries do not have access to assets until the death of the owner.
In order to initiate a TOD, the brokerage company must obtain the relevant documents confirming the ability to transfer assets.