As of September 1, 2015, Transfer on Death (TOD) deeds will now be allowed in Texas. This type of deed is also sometimes referred to as a beneficiary deed. A Transfer on Death deed allows you to leave real estate to someone with a deed rather than through a will and probate. As a property owner, you can now sign a deed to leave a piece of real property to a named beneficiary upon your death. The transfer will not take effect until your death. Therefore, you can revoke the deed, sell the property, or change the beneficiary at any time. A named beneficiary does not have any rights until your death. The TOD option can provide an alternative to probate for real property that can affordably and efficiently pass clean title to real property from generation to generation.
Call Today - 979.694.0900
Waltman & Grisham
Serious Injury, Civil Trial, Family Law
1470 Copperfield Parkway
College Station, TX 77845
The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute, an attorney-client relationship.