The Texas Transfer on Death Deed

What Rights to Beneficiaries of Transfer on Death Deeds Have During the Homeowner’s Life?

A Texas transfer on death deed is a beneficiary designation for your home. It works like a beneficiary designation on a life insurance policy or a retirement plan. If you sign a transfer on death deed and record it before your death, your property will pass to a designated beneficiary after you die without theRead More

Can an Agent Under a Power of Attorney Revoke a Transfer on Death Deed?

The Texas Transfer on Death Deed allows homeowners to name a beneficiary who will inherit their property after they die. It works like a beneficiary designation on a bank account or an insurance policy. If a beneficiary is named, the property will pass to the beneficiary outside the probate process. To be valid, the transfer onRead More

How Do I Revoke A Texas Transfer On Death Deed?

One of the benefits of a Transfer on Death Deed is that it is completely revocable during the grantor (the homeowner making the deed). According to the Transfer on Death Deed Statute, a Transfer on Death Deed can be revoked in one of the following ways: By signing a new Transfer on Death Deed thatRead More

Can A Will Revoke A Transfer On Death Deed?

The Texas Transfer on Death Deed allows owners of real estate to transfer property to their beneficiaries outside the probate process. The deed works like a beneficiary designation on a retirement plan or an insurance policy. It allows you to name a primary and contingent beneficiary who will inherit your real property after you die.Read More

Can I Use a Transfer on Death Deed to Transfer My Car Without Probate?

The Texas Transfer on Death Deed allows owners of real estate to transfer their property to beneficiaries outside the probate process. The Deed works like a beneficiary designation on an insurance policy or retirement plan. It allows you to name a beneficiary who will inherit your real property after you die. The fact that thereRead More

Does Property Passed by Transfer on Death Deed Receive a Step-Up in Basis?

When someone receives a gift, the recipient of the gift is not responsible for reporting the value of any gifts as income. Rather, it is the gift-giver, or donor of the property, who is required to pay gift taxes if the value of the gift exceeds the annual gift tax exclusion. Taxes become an issueRead More