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No. of Recommendations: 15
As to why it's a TOD and isn't already in the name(s) of the beneficiary(s)?

Great question. One I'm not ready to ask about...

Since I sense there's some sort of uncomfortable family dynamic at play I'll offer but one additional item for you and a general caution for lurkers.

For you, since this account will not be part of the executor's duties it's up to you and any other beneficiaries to deal with it. If you ever figure out what's going on and want some information about the tax implications, answers are available here. I for one, though, will not play "if a, ..., if b, ...," etc.

For lurkers, this smells to high heaven of DIY estate planning. Don't let this happen to your family after you're gone. Drop a few bucks on a lawyer and get things done properly.

Rule Your Retirement Home Fool
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