Transfer-on-death deeds have several advantages that make them popular estate planning tools. The Uniform Law Commission identified three primary benefits of transfer-on-death deeds. For avoiding probate, a TOD deed is an inexpensive alternative to a living trust.People have long usedliving truststo...
If you do not own any interest in the property when you die, this deedwill have no effect For example, the Uniform Transfer on Death Security Registration Act,14 whichhas been adopted in forty-nine states 5 -including North Carolina 6JW Jiang...
Like the Transfer-on-Death deed, theLady Bird Deedwill automatically be transferred to the heir or beneficiary upon the grantor’s death. It also comes with the same benefits: being safe from “estate recovery,” where the government takes a portion after selling your home to pay for remainin...
Similar to TOD deeds, if the grantee is disabled or on public benefits at the death of the grantor, a loss of public benefits could result. However, a trust could be named as grantee to solve this potential problem. If using power of attorney (POA) to sign an enh...
Benefits of transfer-on-death deeds Indiana TOD deeds offer several important benefits that contribute to their popularity as an estate planning tool. These benefits include: Probate Avoidance– A TOD deed allows the property to pass to the beneficiaries named in the deed without going through India...
42 PROBATE, PROPERF o JULY/AUGUST 2007 accounts at banks or with brokerage houses. Most state transfer-on-death statutes are based on the Uniform Nonprobate Transfers on Death Act, promulgated by the National Conference of Commissioners onKirtland, Michael A...
Keriann L. Riehle
Question: A new Hawaii law (Act 173) was enacted in July 2011 allowing homeowners to transfer a...Donnelly, Christine
9 V. DISCUSSION OF PROBLEMS WITH THE TOD ACT'S PROVISIONS 14 VI. PROPOSED TITLE EXAMINATION STANDARD ON TOD ACT29KRAETTLI Q. EPPERSONPLLCMEE MEE HOGEEPPERSON