Once again today I got to explain to a child that a Will does not override a Beneficiary Deed. Beneficiary Deeds transfer property to another upon the death of the owner of the property. They are sometimes called “TOD” or “Transfer on Death” Deeds. Assuming the beneficiary is alive it happens instantly and automatically upon…

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Beneficiary Deeds, which are sometimes called Transfer on Death Deeds, can be used to transfer real estate, or at least a partial interest in real estate, on the death of an owner, or sometimes the last death of multiple owners. They can be wonderfully efficient tools in the right situation, and provided they are properly…

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