TOD and Per Stirpes

If I wish to pass my non-retirement assets with a TOD and one of the firms holding some of those assets does not allow a “Per Stirpes” designation for TOD for each of my (2) adult children, how can I insure that the children of one son who passes away would receive their father’s share of an inheritance if I likewise should pass away (like possibly in same auto accident) prior to changing the beneficiary designations?



You can’t with the same custodian. Of course, upon the passing of any child, you could be sure to immediately update the TOD designation. 



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