Series 6 - Investment Company And Variable Contracts Products Representative Exam

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All of the following statements apply to TOD accounts EXCEPT:

They avoid probate
A
They avoid estate taxes
B
They are available for individual accounts.
C
They allow the registered owner to pass the account to a named beneficiary upon the owner's death.
D
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Explanations

The assets in a transfer on death (TOD) account do not avoid estate tax, if applicable.

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