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Strategies & Market Trends : Income Taxes and Record Keeping ( tax )
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To: J. C. Dithers who wrote (3627)2/3/2001 11:28:53 AM
From: Larry S.  Read Replies (1) of 5810
 
Interesting. Thanks for bringing it up. I just talked with Fidelity and you are certainly correct. There is what is called a TOD (Transfer on Death) provision for non-IRA accounts that would enable you to designate a recipient of the assets in a brokerage account at your death. Apparently, such a transfer would avoid probating these assets. It is another question whether these instructions would over-ride a will. If your will states that you leave all assets to your wife, but have a TOD on your Fido account for your girlfriend (good think you're dead!) - i don't feel competent to answer how that would work. I would ask your attorney directly. Larry
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