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WHY TRANSIT-ORIENTED DEVELOPMENT AND WHY NOW? Reconnecting America and the Center for Transit-Oriented Development ON THE COVER: Solano Beach, CA, station Rob Google Architects Reconnecting America
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Why Tod is an acronym for Transfer on Death. Transfer on Death (TOD) is a method of designating beneficiaries for various assets, such as bank accounts, securities, and real estate, so that they can automatically transfer to the designated beneficiaries upon the owner's death.
Individuals who wish to designate beneficiaries for their assets and ensure a smooth transfer of those assets after their death may choose to establish a Transfer on Death (TOD) arrangement.
To fill out a Transfer on Death (TOD) form, you typically need to provide your personal information, details about the assets you wish to designate beneficiaries for, and the names and contact information of the beneficiaries.
The purpose of a Transfer on Death (TOD) arrangement is to simplify the distribution of assets upon the owner's death and avoid the need for probate. It allows for a direct transfer of assets to designated beneficiaries without the involvement of the court.
The information that must be reported on a Transfer on Death (TOD) form may vary depending on the type of asset being designated. Generally, you will need to provide your personal information, details about the asset(s), and the names and contact information of the beneficiaries.
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