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Personal Finance and Investing

bucolic_frolic

(49,984 posts)

10. The terminology varies state to state

Reply to elleng (Reply #9)

Sun Jul 18, 2021, 10:58 AM

Jul 2021

TOD, In Trust For. Last time I looked at this issue, which was admittedly 10 years ago, not every state has such an option.

Investments here in PA have the option of beneficiaries, at least as far as mutual funds and brokerage accounts. They could probably also be spit into a trust, or simply left for probate.

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Has anyone used one of those online programs to prepare a will? [View all] captain queeg Jul 2021 OP

I used an online app, although I need to get it witnessed and notarized. Hoyt Jul 2021 #1

I need to figure things out also Rorey Jul 2021 #2

There should be a company in your city/state that will execute a living trust,... brush Jul 2021 #3

You need to see if your state allows an online will. PoindexterOglethorpe Jul 2021 #4

I had a trust made by an attorney RazzleCat Jul 2021 #5

I've used Quicken WillMaker and was pleased with it csziggy Jul 2021 #6

Thanks for the info; elleng Jul 2021 #7

Check if you're in one of the few states with inheritance tax bucolic_frolic Jul 2021 #8

ToD is not only for bank accounts; elleng Jul 2021 #9

The terminology varies state to state bucolic_frolic Jul 2021 #10

A plain old taxable investment account in Florida can have a "Transfer On Death" provision. A HERETIC I AM Jul 2021 #11