What is a transfer on death deed?

A transfer on death deed (or TODD) is a real estate document recognized in California that allows a homeowners to transfer their property directly to their designated beneficiaries upon their death. It is a way for individuals to transfer their property without having to go through the probate process. The transfer on death deed is recorded and kept in public records, and documents the owner’s intention to transfer their property after their death. To create a transfer on death deed, the homeowner must be the sole owner of the property they are trying to transfer, and must be at least 18 years old. They will then have to fill out the correct forms and provide information about the property, such as the name of the beneficiary, a legal description of the property, and a signature in front of a notary public. Once the deed is completed and notarized, it must be filed with the county recorder’s office. The transfer on death deed does not take effect until the homeowner’s death. When the homeowner dies, the TODD is presented to the county recorder, who will record it and transfer the property to the designated beneficiary. The transfer on death deed can be used for residential and commercial properties, and can be used to transfer real estate to multiple people or a trust.

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What is a transfer on death deed?

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