Keyword Analysis & Research: transfer on death

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What is the definition of transfer on death?

Transfer on Death. That is, the account holder maintains the ability to invest, profit from, or otherwise use the securities and other assets in the transfer-on-death account. The assets in the account pass on to the beneficiary following the death of the account holder. This helps the beneficiary avoid the sometimes lengthy probate process.

What states allow transfer on Death Deed?

Transfer-on-death Deeds are authorized in the following states: Arkansas, Colorado, Ohio, New Mexico, Arizona, Kansas, Wisconsin, Missouri, Nevada and Montana.

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