A transfer on death deed is a deed that transfers real estate to another person when the owner dies. A transfer on death deed is revocable during the owner's lifetime as long as they retain the mental capacity to revoke the deed. A transfer on death deed can help a client avoid the need to probate a will if the real estate is the only asset owned by the person at the time of their death.
For a client who chooses to plan their estate with a transfer on death deed, it is still highly recommended that the client has the following other estate planning documents drafted and in place:
- Medical power of attorney
- Statutory durable power of attorney
- Declaration of guardian in the event of a person's incapacity
- An appointment of agent to dispose of your remains
Contact Us To Learn More
With an office in San Marcos, Scanio & Scanio, A Professional Corporation, serves clients in the Central Texas counties of Hays, Comal, Caldwell and Guadalupe. To schedule an initial consultation with one of our attorneys, call 512-396-2016 or send us an email.