what are the disdvantages of a tod 
assets in tod accounts are still considered part of the estate that means creditors can seek to repay debts before beneficiaries can access the assets 3the bottom linea transfer on death or tod is a designation that allows assets to pass directly to a beneficiary after they die the account owner specifies the percentage of assets each beneficiary receives allowing their executor to distribute without first passing through probate tod cannot be used for retirement accounts like iras because retirement account beneficiaries must follow withdrawal and taxation rules 