Probate
Jan. 6, 2016
Usefulness of TOD deeds uncertain
On Jan. 1, California played catch-up for a change and joined at least 27 other states that allow a low-cost way of avoiding probate on residential real property by allowing the revocable transfer on death deed. By Robert C. Barnes
Robert C. Barnes
Senior Counsel
Norton Rose Fulbright US LLP
Robert is a real estate transactional attorney and senior counsel in the firm's Los Angeles office.
On Jan. 1, California played catch-up for a change and joined at least 27 other states that allow a low-cost way of avoiding probate on residential real property. With Assembly Bill 136, the revocable transfer on death (TOD) deed became a new estate-planning tool in California.
Several questions accompany the rise of revocable TOD deeds: Will they be widely used or will their use be limited to residential property owners ...
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