TOD
I am interested in the TOD (transfer on death) for my home and vehicle…. What are the benefits and drawbacks backs?
Terry Says
This is the quickie way to think you have an estate plan. But what about your other assets? Who would have power to use your savings to help you get additional care? Who could pay your bills, your property taxes, your mortgage — or sell your home and pay for your care in a senior facility if you were incapacitated or suffered from dementia.
Please watch this video to understand why you need a Revocable Living Trust, for your home and savings accounts. In it you can also designate someone to receive your care.
