Our office is OPEN to help Maryland Residents.

Posts Tagged ‘POD’

How To Avoid Probate.

There are many planning devices of which families can take advantage to avoid having to go through the probate/ administration process. Most of them are relatively simple. For example, your bank accounts can pass outside of probate simply by putting a POD (paid on death) or TOD (transfer on death) designation on the account. Once you have a POD or TOD on the account the money will go to the designated person(s) upon the presentation of a death certificate to the bank. Each bank has its own procedure for doing this so please check with your financial institution for their…

Read More »