Keeping Ownership During Your Lifetime
With a Transfer on Death Deed, you keep ownership and control of the property during your lifetime. When you die, the property is intended to pass to the beneficiary or beneficiaries named in the deed.
It Is One Tool, Not the Whole Estate Plan
A Transfer on Death Deed should be considered as part of the rest of your estate plan. Property, beneficiaries, family circumstances, and other planning documents all matter when deciding whether this option fits your situation. Learn more about long-term care and Medicaid planning.