New Transfer on Death Deed: Too Good To be True?
You may have heard that Californians can now transfer real property, on their death, without the need of a trust or probate. A Transfer on Death Deed (a “TODD”) transfers title to real estate to the beneficiary, or beneficiaries, named in the TODD. This is good news for many people who don’t want to create a trust or have their houses go through probate after their deaths. However, there are some serious limitations and potential risks that accompany a TODD. Before you execute a TODD, consider these limitations to avoid creating unintended consequences.
Background
Before January 2016, when the TODD became available, there were basically three ways for real property to be transferred on the death of the owner.
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New Attorney Joins Firm
We are please to announce that attorney John Dratz, Jr. has joined our firm. John is an experienced attorney and former prosecutor. He will expand our practice areas to include Administrative Law.
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New Office in Oakland
We opened a new office. Our office is in downtown Oakland near a BART station and across from the Federal Courthouse. Our offices in San Diego County remain open. We are excited to serve the Bay Area. The address and telephone numbers are:
1300 Clay St., Ste. 600, Oakland, California 94612 | O: (510) 556-0367 - F: (510) 751-4598
