Over the years, I’ve been asked many times whether a Transfer on Death (TOD) Deed is a good way to pass down property. These deeds were designed to simplify estate planning by avoiding probate—but in practice, they often create more problems than they solve. I no longer recommend TOD deeds to my clients—and I don’t draft them—because…
Being named the beneficiary of a Transfer on Death (TOD) deed in California can be a seemingly straightforward way to inherit property. However, this process comes with specific responsibilities and potential complications. Here’s a detailed guide on what you need to do after the death of the person who prepared the TOD deed. Understanding Your…
