Transfer on Death Deed (TOD)
What is a TOD & What are the Benefits?
A transfer on death deed (TOD) is a legal document that can be used to
transfer property to designated beneficiaries upon death. Many individuals
use this estate planning tool to pass on real estate to their loved ones
and it provides an extensive range of benefits. While regular deeds automatically
transfer the designated property upon signing, many individuals do not
want this to occur while they are still alive, and it also may create
additional taxation issues.
At The Willingham Law Firm, PC, our McKinney estate planning attorneys
can help you create a TOD that adequately expresses your final wishes
with respect to transfer of property. With a solid and comprehensive estate
plan in place, both you and your family can enjoy security and peace of
mind far into the future!
Having a TOD in place provides numerous advantages, such as:
- Ensuring that your property is transferred to the designated beneficiaries
upon death and your final wishes are carried out
- Being able to retain ownership of the property while you are still alive
- Avoiding the stress and expense of probate the probate process
Schedule Your Free Consultation Today!
A transfer on death deed is often an excellent way to make sure that your
property goes to the people you want it to go to. In fact, this document
wills, and other legal documents. Generally speaking, creating a TOD is a relatively
easy process, and having the assistance of an experienced team of McKinney
estate planning lawyers can help ensure that the final document meets
your needs and goals.
To learn if creating a TOD is the right fit for your situation,
contact us today at (214) 499-9647 in McKinney, (972) 848-3357 in Plano, or (469) 447-7757
in Frisco to schedule a