March 14th, 2019

The Importance of TOD & JTWROS Designations

TOD, JTWROS – what do these obscure acronyms signify? They are shorthand for transfer on death and joint tenancy with right of survivorship – two designations that permit automatic transfer of bank or investment accounts from a deceased spouse to a surviving spouse. This automatic transfer of assets reflects a legal tenet called the right … Continue reading “The Importance of TOD & JTWROS Designations”