Uniform Transfer-on-Death Securities Registration Act

{
  "id": "MLC-T-LAW-005065",
  "term": "Uniform Transfer-on-Death Securities Registration Act",
  "field": "Law",
  "definition": "A model law adopted by many U.S. states that allows individuals to register securities, such as stocks and bonds, in a transfer-on-death (TOD) form. This designation permits the owner to name a beneficiary who will automatically inherit the securities upon the owner's death, bypassing the probate process. It provides a simple and inexpensive way to transfer certain assets.",
  "url": "https://mlchart.com/terminology/law/uniform-transfer-on-death-securities-registration-act/"
}