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Payable on Death bank accounts are also referred to as Totten Trusts. They are a form of trust in the United States in which one party places money in a bank account or security with instructions that upon his/her death, whatever is in that account will pass to a named beneficiary or beneficiaries. Setting one up or adding a beneficiary is a simple matter of requesting the Payable on Death form from your bank.
8 Ways to Avoid Probate by
Call Number: KF 750 .Z9 R36
Publication Date: 2018
Also available from the Library's website at https://lawlibrary.franklincountyohio.gov/, under Self-Help Legal Resources.