Transfer on Death Deeds (TODD) & Pay on Death Accounts (PODA)

Revocable Living Trusts are not the only way to avoid probate. Sometimes, avoiding probate is simply a matter of reducing one's probate assets below the threshold to allow a probate alternative to be used. In today's video we look at two ways to convert probate assets into non-probate assets: the Transfer on Death Deed and the Pay on Death Account.