Adding a payable-on-death (POD) or transfer-on-death (TOD) designation to an account allows the assets (money and property) in that account to be passed to a named beneficiary when the original account holder dies. Like trusts, POD and TOD accounts bypass probate....
In a revocable living trust you absolutely do not! You keep full control. As the trustee of your trust you can do everything you could do before, including buying, selling, investing, etc. You can make changes or even canels your trust, that’s why it is called a...
