Over the last 2 days, I have discussed TOD, POD, Joint Ownership, Beneficiary Designations. You want to title your assets to meet your specific needs and not have Unintended Consequences.
If you retitle your asset into a joint title with rights of survivorship, you give up the right to give that asset to another person under your Will. Similarly, when you create a POD bank account or a TOD brokerage account, you give up the right to leave the account to another person under your Will.
You want to have your estate plan handled by a professional. Contact us at www.ythlaw.com
for all your estate planning, estate administration and elder law needs.