POD & TOD ACCOUNTS: A BLESSING OR A CURSE?
by Thomas D. Begley, Jr., Esquire, CELA What are POD and TOD Accounts? A POD accounts stands for “payable on death” and is usually used with bank accounts such as checking, savings or Certificates of Deposit. TOD are “transfer on death” accounts and are usually used with brokerage accounts, stocks, bonds and other investments….
USE OF SEPARATE LIST OR MEMORANDUM FOR THE DISPOSITION OF PERSONAL PROPERTY
by Thomas D. Begley, Jr., Esquire, CELA The New Jersey Probate law permits the use of a separate writing or memorandum to dispose of your tangible personal property. If you wish to use such a writing or memorandum rather than itemize various items of tangible personal property in your Will, you should know and follow…