The Revocable Transfer on Death Deed- Analysis of California AB 139

Posted Posted in Beneficiaries, Estate Planning, Legislative Alert, Revocable Transfer

Effective as of January 1, 2016, the State of California now allows the use of a revocable transfer on death deed (“TOD deed”) to convey an individual’s interest in certain real property to specifically named beneficiaries upon the individual’s death without the need for formal probate proceedings. The legislative purpose behind this bill is essentially to provide a simplified method for transferring real property to an individual’s chosen beneficiaries without probate. This has historically been […]