The California Transfer on Death Deed

from The Willie and Trusty Show about Estate Planning · host Klaus Gottlieb

The California Transfer on Death Deed (TODD) is a simple and cost-effective estate planning tool that allows property owners to transfer real estate directly to beneficiaries upon their death, bypassing the probate process. Governed by California Probate Code Sections 5600 to 5698, the TODD provides flexibility in naming beneficiaries, including individuals, trusts, or entities, and allows the property owner to retain control until their death. Despite its affordability and ease of use, the TODD has faced criticism from estate planners due to concerns about potential legal complications, fraud risks, and conflicts with other estate planning documents.

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This episode was published on October 4, 2024.

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