Understanding the Virginia Transfer on Death Deed and Its Advantages
Understanding the Virginia Transfer on Death Deed and Its Advantages
Feb 7, 2022
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A Transfer on Death (TOD) Deed is a California document that lets you name who will receive your property at your death—without probate—but only if every legal requirement is met and nothing goes wrong in the meantime. Thinking of recording a Transfer on Death (TOD) Deed to “avoid probate”? Before you rely on it, here are 3 major problems most people don’t learn until it’s too late: 1️⃣ If your only beneficiary passes away before you, the TOD deed becomes invalid. There’s no backup option, no co
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