Transfer on Death Deed

transfer death

A Transfer on Death Deed (commonly known as a “TODD”) is a legal document, effective only after your death, that allows you to ensure that your real estate (house, cabin, vacant land, etc.) will be distributed to the individuals you choose upon your passing without having your piece of real estate pass through the probate process.

Additional details regarding a Transfer on Death Deed are as follows:

  • A Transfer on Death Deed is like a beneficiary designation for a piece of real estate;
  • A Transfer on Death Deed is a popular option because it is cost effective and allows you to pass your real estate to the individuals you choose without having your real estate trigger a probate proceeding;
  • It is important to keep in mind that a Transfer on Death Deed must be executed during your lifetime;
  • During your lifetime, you may revoke a Transfer on Death Deed;
  • A separate Transfer on Death Deed is needed for each piece of real estate you own. You cannot sign one Transfer on Death Deed and have it apply to multiple pieces of your real estate.