What is a transfer on death deed?

A transfer on death deed transfers real estate to someone else after you pass away. A transfer on death deed is recorded in the county where the real estate is located. A transfer on death deed is another mechanism that allows parties to minimize the probate process.

A transfer on death deed does not replace the need for a will. A will is a crucial component to your overall estate plan and is still necessary to guide your family how property should be distributed according to your wishes.

You can revoke the transfer on death deed at any time before you pass and for any reason. A transfer on death deed is not effective until 1) it is recorded in the county real property records and 2) the grantor passes away. Therefore, a transfer on death deed can be revoked at any time after it is signed. For example, it can be revoked if you later decide you want to sell the property.

For more information on the transfer on death deed in Texas, please give us a call today.