Say I open 3 brokerage accounts, deposit equal amount in each, invest in the same way, and add each of my three kids as a “transfer on death” instruction. When I die, hopefully decades later, the accounts will have significant inheritance, and each kid will gain control of his/her account without problems. While I am alive, I have full control of the money to use for my retirement. Another bigger bucket of money would be kept in my account with my wife as TOD. Will this work as a frictionless inheritance plan or am I missing something obvious?
Statistics: Posted by 43andcounting — Sat Oct 19, 2024 8:42 pm — Replies 4 — Views 343