Question: Please, discuss in a well-constructed paragraph if there are any transfer tax consequences for the following scenario.
Sam is married to Ann and they have a daughter name Devlin. Ten years ago Sam went online to his bank. At that time he transferred from his checking $100,000 and purchased a CD. The CD listed the title as Ann, payable on death (POD), to Devlin. Five years later Ann dies and is survived by her spouse and daughter.
Please, provide a reference cite where you are drawing your information from.