Escanaba, MI asked in Estate Planning and Probate for Michigan

Q: is there a time limit between TOD and the passing of the owner?

If the TOD was signed seven days prior to the account owner passing, would there be reason for dispute?

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1 Lawyer Answer
Trent Harris
Trent Harris
  • Estate Planning Lawyer
  • Jackson, MI
  • Licensed in Michigan

A: If you mean "can a Transfer On Death designation (TOD) on a bank account or brokerage account expire due to the passage of time after it is signed?", then

the answer is no.

As always, you get what you pay for. Be sure to consult with a qualified estate planning attorney in your area about your specific situation before choosing to rely on any information you get from internet discussion boards, such as this one.

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