TOD and Designated Bene Guide
I am confused around the rules for changing TOD's (transfers on death) and Designated Bene for IRA accounts. Particularly with regards to getting spousal approval for making said changes. In addition I am unsure if it makes sense to put a TOD of one spouse for another spouse, Wouldn't the fact that they are spouses mean by default the other spouse will get the assets? In effect a default TOD?