transfer on death

If My Will Is Filed with the Court, Will It Go through Probate? from Austin Estate Planning Attorney Liz Nielsen

Death is a personal and private affair that affects the deceased’s close family and friends. However, there is at least one aspect of death that may require state oversight: probate. But what does it mean to probate an estate and how does that different from when a the court requires a trusted helper to file […]

Difference Between Transfer on Death and Payable on Death Designation from Austin Estate Planning Attorney Liz Nielsen

When tackling estate planning, adding a payable-on-death (POD) or transfer-on-death (TOD) designation to an account allows the assets (money and property) in that account to be passed to a named beneficiary when the original account holder dies. Like trusts, POD and TOD accounts bypass probate. They are also fast, easy, and usually free to set […]