MLchartDataset catalogue

Transfer-on-death

Term · Law · MLC-T-LAW-004959

A legal designation that allows an asset, such as a bank account, brokerage account, or real estate, to pass directly to a named beneficiary upon the owner's death without going through probate. This mechanism, often abbreviated as TOD, simplifies estate planning. It is established by completing specific forms with the financial institution or property registrar.

Table 1. Record
IdentifierMLC-T-LAW-004959
FieldLaw
AbbreviationTOD
Record as JSON 
{
  "id": "MLC-T-LAW-004959",
  "term": "Transfer-on-death",
  "field": "Law",
  "definition": "A legal designation that allows an asset, such as a bank account, brokerage account, or real estate, to pass directly to a named beneficiary upon the owner's death without going through probate. This mechanism, often abbreviated as TOD, simplifies estate planning. It is established by completing specific forms with the financial institution or property registrar.",
  "abbreviation": "TOD",
  "url": "https://mlchart.com/terminology/law/transfer-on-death/"
}

Record 5,067 of 5,439 in Law terminology (MLC-0107). Request the full dataset.