A transfer on death deed can help your beneficiaries avoid probate for your real estate assets. A transfer on death deed allows you to pass your real estate property directly to a recipient upon death. As the transfer on death deed is not effective until the grantor’s death, no notice or tax liabilities are required on the part of the beneficiaries making this a viable option during the estate planning process. Attorney Lisa Hill explains what a transfer on death deed is and how this can be helpful in estate planning during this interview on KDUZ 1260 AM’s show “Legal Update”.
Deja Weber is an attorney with Melchert Hubert Sjodin, based in Hutchinson, MN. Deja’s legal experience includes estate planning, estate administration and family law. To discuss your specific situation, contact Deja at 320.587.2046.