In the USA one can nominate a beneficiary to receive one's share...

In the USA one can nominate a beneficiary to receive one's share portfolio upon death.

This has the advantage of avoiding costly probate A Transfer On Death also takes priority of a last will and testament.

Has anyone any experience with a Transfer On Death of ASX share portfolio in Australia ?

https://www.investopedia.com/terms/t/transferondeath.asp#:~:text=What%20Is%20Transfer%20on%20Death,death%20without%20going%20through%20probate.&text=With%20TOD%20registration%2C%20the%20named,as%20the%20person%20is%20alive.