WHY Does Melissa Want Me To Have A TODD For My Real Esate Asset?

To transfer ownership of real estate to a named beneficiary following the death of the property owner, a "TODD" (Transfer on Death Deed) is a legal instrument that is used in real estate.

A TODD allows the property owner to specify who will inherit their property after their death without the need for probate court proceedings. The beneficiary named in the TODD will automatically become the owner of the property upon the death of the property owner, without the need for a will or other legal documents.

TODDs are a helpful estate planning tool that can offer a quick and affordable way to transfer property to a loved one when the owner passes away. However, it's important to consult with an attorney to ensure that a TODD is the right option for your specific situation, and to ensure that the TODD is drafted correctly and legally valid.

Stayed tune all week for more information on this topic!

***REMEMBER: I am not a lawyer; I just play one on my blog, LOL! Just kidding. Always consult a lawyer for legal advice.

I work with many different professionals and may have a good referral for you so CONTACT ME, I'm here to help!