What is a transfer on death deed? Will it allow me to avoid probate? Yes! The transfer on death deed will allow you to avoid a probate procedure. This law was enacted in January 1st, 2016 under California Assembly Bill 139, however the law scheduled to expire on January 1st, 2021, however it has been extended until January 1st, 2022.
The document used to create the tool is called a Simple Revocable Transfer on Death Deed.
The Transfer on Death Deed allows you to transfer a single family residence, condo, multiple residential units up to 4 units. You may also transfer a single family on no more than 40 acres of agricultural land.
Timecodes:
0:00 - Intro
1:08 - Yes! Transfer on Death Deed allow you to avoid a probate procedure on your home.
2:18 - How to use the Transfer on Death Deed, Complete document and have it recorded.
2:50 - What assets can you transfer with the Transfer on Death Deed, real property.
3:09 - Can a Transfer on Death Deed protect all of your assets? NO!
3:52 - Problems with the Transfer on Death Deed.
Phone: 562-824-6850
email: winwinrealtorsinc@gmail.com
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