The Texas Transfer on Death Deed

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

Will Property Transferred by Texas Transfer on Death Deed be Subject to Medicaid Estate Recovery?

Following the death of someone receiving Medicaid benefits, Medicaid has the power to recoup from his or her estate funds expended by Medicaid for that individual’s benefit. Several individuals have contacted me recently wondering whether property transferred with a Texas Transfer on Death Deed is subject to the Medicaid Estate Recovery Program (MERP). Under currentRead More