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TOD stands for 'transfer on death'.

TOD is a legal agreement with an entity such as a bank whereby upon the death of the owner of an account ownership bypasses probate and passes directly to beneficiaries. The transfer is made quickly but assets passed through this type of arrangement are subject to estate taxes, if applicable.

Transfer on death (TOD) registration allows you to pass the securities you own directly to another person or entity upon your death bypassing probate.

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15y ago

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