A Totten’s Trust (also called a “poor man’s trust”) is essentially the same thing as a Pay on Death (“POD”) bank account. (The name “Totten’s Trust” is taken from a 1904 New York case involving a person with this name.) Using a POD account, a person was able to place proceeds into an account, and, read more...
Probate is the process by which your assets are distributed to your heirs after your death. Only assets in your own name, with no joint owners or named beneficiaries, pass through probate. Joint and pay on death bank and brokerage accounts pass directly to the joint owner or the named beneficiary by operation of law read more...
Blackstone Professional Center
3045 South Meridian Street
Indianapolis, IN 46217
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