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Transfer-on-Death and Payable-on-Death



Benefits

By establishing a "Transfer-on-Death" (TOD) or "Payable-on-Death" (POD) provision, you can transfer assets to Planned Parenthood Federation of America, Inc., without the expense of a will or trust. A TOD is generally only used for investable assets, such as securities, bonds, and mutual funds. A POD is very similar to a TOD, but it deals with savings accounts, money market accounts, and CDs. You can also transfer Totten Trusts and some checking accounts.

Through a TOD or POD arrangement, you can bypass the delays and costs associated with probate and qualify for an estate tax charitable deduction. You do not have to work with an attorney or accountant or prepare or revise a will. To name Planned Parenthood as the beneficiary, you will need to notify the manager of your financial institution and complete the necessary designation forms. Please be sure to include our complete information so your gift will be processed accurately:

Legal Name: Planned Parenthood Federation of America, Inc.
Address: 434 West 33rd Street, New York, New York 10001
Tax Status: 501 (c)(3) nonprofit organization
Tax I.D.: 13-1644147

TOD and POD provisions are fully reversible; you can change or remove the designation at any time prior to your death, in almost all cases without cost. It is important to note that states laws govern TOD and POD designations. Your financial institution will provide the correct forms based on your state of residence.

Please contact us so that we can assist you through every step of the process.