A fuller guide to this term is on the way. In the meantime, the related terms below explain the ideas around it.
Related Brickyard terms
- Payable-on-Death AccountA bank account with a named recipient who receives the balance directly when you die, skipping probate.
- Beneficiary DesignationThe named person who inherits your retirement account, which overrides your will for that account when you pass away.
- ProbateThe court process that validates a will, pays debts, and distributes property after someone dies.
- EstateEverything you own at death, including money, property, and belongings, minus what you owe.
- WillA legal document that spells out who gets your property and who cares for your children after you die.
Turn this into a brick
Knowing what Transfer-on-Death (TOD) means is knowledge — the first half. A brick gets placed when you act on it.
More in Estate Planning
Plain-English education — not personalized legal, tax, or investment advice.