A few years ago, prior to going on an overseas trip, my parents opened an account "payable upon death". Considering it was a last minute thing, they admittedly didn't put much thought into it, and now it's sitting in a CD earning 1%.
Does anyone have any experience with this sort of account? I am going to have them move it to betterment or something of that sort unless there are ways to better increase tax efficiency.
Does anyone have any experience with this sort of account? I am going to have them move it to betterment or something of that sort unless there are ways to better increase tax efficiency.
Comment