![]() It is not necessary for the TOD designation to transfer all of the account solely to charity-you can designate a certain percentage of the account. Transfer on death (TOD).* By placing a TOD designation on your brokerage or investment account, that account will be paid over to one or more persons or charities after your lifetime. Simply ask your bank representative about the one or two easy steps you need to take in order to place a POD designation on your bank account or certificate of deposit. The executor or administrator of your estate will not have to take any action to ensure that your account transfers to whomever you designated. Until that time, you remain in control and are free to use the money in the bank account, to change the beneficiary or to close the account.Ä«y setting up your bank account or certificate of deposit in this way, the estate planning and administration process is simplified. The beneficiary you name has no rights to the funds until after your lifetime. Payable on death (POD).* By placing a POD designation on your bank account or certificate of deposit, you can name one or more persons or charities as the beneficiary of all funds once you, the account owner, pass away. There are two options you can use to make this gift to us: Simple and Straightforward Ways to Support PathfinderÄesignating Pathfinder as beneficiary of your bank accounts, certificates of deposit or brokerage accounts is a simple and straightforward way to support our work.
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