TODDs are available in 30 states and the District of Columbia, so they are becoming more...
The Texas Supreme Court has tasked a group of attorneys with creating a Transfer on Death Deed form for Texas residents and attorneys to use.Q: My wife and I have wills naming each other as beneficiaries, with our children as alternates. We are trying to understand whether we should have a Transfer on Death Deed drafted and filed in order to avoid probate. Our home is the only real estate we own.
You would think that once the Texas Supreme Court issues a form — essentially putting its stamp of approval on the use of the form by all persons who own real estate in Texas — that many more people will feel comfortable using it and title companies will become more accepting of them. But in your case, it sounds like you would have your attorney prepare the form for you, and you are also most likely not signing the form on your death bed. Plus, you are leaving your home to each other and then to your children, and that is a distribution scheme that does not typically worry title companies.
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