Succession of Schimek: TOD Beneficiary Dispute Clarifies Louisiana Law

Succession of Schimek concerned Transfer on Death designations on securities accounts held with Vanguard and TD Ameritrade. The Louisiana Fourth Circuit upheld the designations as contractual arrangements governed by Pennsylvania law, allowing the designated beneficiaries to receive the accounts outside the Louisiana probate process.

Original article:https://www.whitcomblawpc.com/business-law-blog/succession-of-schimek-tod-beneficiary-dispute-clarifies-louisiana-law