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Transfer On Death - Not So Fast!

Friday, February 08, 2013

At the current time Louisiana only recognizes transfer on death with a bank account specifically titled as a "Pay on death" account.

There is no provision in Louisiana for the transfer on death of stocks and bonds, mutual funds, other investments or interests in land. A brokerage account titled "Transfer on Death" is not recognized in Louisiana. In the event of death of one of the account holders, the interest of the deceased account holder will pass pursuant to his or her will or if no will pursuant to the laws of inheritance without a will.