Which designation is most associated with brokerage securities: TOD or POD?
QUESTION
What ownership rights does a TOD/POD beneficiary have while the owner is alive?
QUESTION
What is the defining feature of joint tenancy with right of survivorship (JTWROS) at death?
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ANSWER
Decedent's interest passes automatically to surviving joint tenant(s). This right of survivorship bypasses probate, automatically vesting the interest in survivors upon death.