You can name Hadassah as a beneficiary of your savings accounts, CDs and other bank accounts by designating your account as Payable on Death (POD) to Hadassah. You can also name Hadassah as the beneficiary of your brokerage account by designating the account as Transfer on Death (TOD) to Hadassah. Most states recognize these types of accounts. POD and TOD accounts allow you to transfer assets to Hadassah after your lifetime. The funds will be distributed to Hadassah without going through probate.
IMPORTANT: Banks and other financial institutions will not try to contact the POD and TOD beneficiaries after the accountholder passes away. If you have named Hadassah as a POD or TOD beneficiary of a bank or brokerage account, please tell us! In addition, please provide the account information to your executor, attorney or other trusted individual and ask them to contact Hadassah after you pass away.