The Pelagic Transfer on Death (TOD) Plan is an innovative solution to help your family members or named beneficiaries avoid the lengthy delays experienced while awaiting probate under the Wills and Probate Act of Trinidad and Tobago. This will allow your loved ones to access the investment accounts after the passing of any account holder.
TOD accounts effectively avoid the need for probate as assets in these accounts can be transferred immediately to nominated beneficiaries on the death of the account holder.
This account allows you to work with our team to build a portfolio based on your needs and goals to ensure that you are able to meet the wishes of your estate.
Almost any asset type, security, and currency can be held in these accounts. You will have access to almost any investment security worldwide.
Authority to act on the account remains with you. You will retain beneficial ownership of the account with full authority to trade, transfer assets, withdraw or deposit funds, or make any necessary amendments as you see fit.
When opening TOD accounts, you will have the opportunity to name at least one beneficiary who will receive the assets held in the account once you have passed on. You can add or remove beneficiaries at any time.
Allocate Your Legacy
You can name as many beneficiaries as needed and, based on your wishes, you can decide how the assets should be divided.
Automatic Asset Transfer
Assets are automatically transferred, as per your request, to the beneficiaries upon the passing of the last surviving joint tenant.