Revocable Transfer on Death Deeds is provided by California statutory law to transfer title to residential real estate homes to intended beneficiaries. They are not as effective as holding real estate in the name of a revocable living trust and have many bureaucratic requirements to be followed or the property will end up needing to have a Probate court process to transfer title. The Probate can cost tens of thousands of dollars and can take a year and a half to get the court to agree to the simple act of transferring title to the beneficiaries. For that reason, a Revocable Transfer Deed is good to know about, but not be used in favor of a Revocable Living Trust to transfer title to the beneficiaries.
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Rex L. Crandell
Rex L. Crandell Firm
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