South Carolina Code 35-6-50. Certain words signify registration in beneficiary form
Current as of: 2023 | Check for updates
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Terms Used In South Carolina Code 35-6-50
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
Registration in beneficiary form may be shown by the words, "transfer on death" or the abbreviation "TOD", or by the words "pay on death" or the abbreviation "POD", after the name of the registered owner and before the name of a beneficiary.