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 State of Ohio Transfer on Death Designation Affidavit Form 2014

Transfer on Death Deed Ohio 2014-2025 Form

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Instructions and help about transfer on death deed ohio pdf

what is the difference between an account that has a joint owner with the rights of survivorship or an account that has a transfer on death or a payable on death uh beneficiary on it so it's also known as a tod or pod account as well and i discourage both of them honestly for the most part however there are certain circumstances where they might be useful a joint with rights to survivorship you put a person on and they have access immediately to that account so they are immediately an owner with you on it the disadvantage to this is that if you pass away it goes directly to them you can't decide where it goes or it that's just how you don't have any say if you want somebody else like if you have one child on there and you have four kids it's just going to go to that one child not the four kids the transfer on death payable on death so that's not a joint owner they're not going to have access to the account and you can revoke that

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