Leaving Securities to Heirs

Leaving Securities to Heirs

If you have a diversified portfolio of assets, you may have questions about the best way to leave securities to your heirs would be. For example, can you pass securities on to heirs through transfer on death (TOD)? We’ll examine how this works so you can make an informed decision on the best way to leave your assets to beneficiaries.

You Can Pass Securities Directly to Heirs at Death

The good news is that the state of California has ways to transfer some of your assets outside of the potentially costly and lengthy probate process. One of these is the California Uniform TOD Security Registration Act. This act specifically addresses the passing of stocks and other securities directly to a beneficiary by what is called transfer on death.

The good thing about TOD is that if something happens to you, your heir immediately becomes the owner of the securities that have been designated. The key is to properly designate the TOD assets so that the transfer takes place seamlessly and without question.

Help in Designating Transfer on Death Securities

Petrov Law Firm specializes in estate planning. We can help you to leave your assets to beneficiaries in a way that cuts through some of the legal red tape and gets the money to your heirs faster and without costly legal bills. To learn more, give our San Diego office a call today at 619-3344-0360. We can help you with all of your estate planning needs in the state of California.