Wills, TODs, and UTMAs
Several months ago my husband and I made a will using Quicken Lawyer (we will have a will made by a real lawyer after we stop producing children :-)). We have a baby daughter and our will basically...
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Well, I don't want to practice Texas law without a license, but I'll hazard a few comments:First, when a specific request for a custodian is not included on a beneficiary form, you usually just name...
View ArticleRe: Wills, TODs, and UTMAs
Thanks for the quick reply! I'm not looking forward to redoing all of those beneficiary forms though!Thanks again,Susan
View ArticleRe: Wills, TODs, and UTMAs
UTMA is a pretty standard acronym I've seen around, Uniform Transfers to Minors Act. It's an account for a kid maintained by some custodian until the kid reaches legal age.TOD is not something I'm...
View ArticleRe: Wills, TODs, and UTMAs
TOD = Transfer on Death. It is a form of registration available on various brokerage and bank accounts (actually, sometimes called POD = Payable on Death). A convenient way to avoid probate without a...
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