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News Updated Date : |
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November 27th, 2009 01:04am |
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Yes. Certain kinds of assets are transferred
directly to the named beneficiaries. Such assets
include:
- Certain “trustee” bank accounts.
- Transfer on death (or TOD) securities accounts.
- Pay on death (or POD) assets, a common title on U.S. savings
bonds.
Keep in mind that these beneficiary designations can have
significant tax benefits and consequences for your
beneficiaries—and must be carefully coordinated with your
overall estate plan.
California State Bar
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