New Transfer on Death Deed Avoids Probate and Seamlessly Transfers Land
One of the challenges facing an individual that owns property outside of his or her state of residence is the fact that a person’s estate generally must go through probate in the state of residence and any state where the deceased person owned real property. A relatively new law is making it simpler and less costly to avoid a secondary (aka “ancillary”) probate through the use of a Transfer on Death Deed. Each state is governed by its own laws. This can make planning for assets outside...
