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Blog # 1 TOD Deed
Jane has two children, both are adults.. One is responsible and one is into drugs. Upon her death, she wants to leave the family home to the responsible child .
What is an easy way to accomplish this, without the worry of a Will contest?
A “transfer on death” deed. A TOD deed transfers title to real estate to a designated beneficiary after the death of a principal. The beneficiary does not receive any interest in the property until after the death of the principal. It can be revoked by the principal at any time prior to his/her.
This information if for informational purposes only and should not be understood as legal advice in any manner. Please consult with an estate attorney who can better understand you r particular situation and can make appropriate recommendations.