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Revocable Transfer on Death Deeds (TOD deeds) have been available in California since 2016 and, initially set to expire in 2021, have now been extended to at least 2032. Despite the complexity and bureaucratic challenges associated with them, they are likely to remain in use unless significant legal challenges arise. The process is intended to be straightforward—signing a deed to transfer property upon death—but there are numerous rules to consider, including new regulations effective this year. Andrew Bethel, an estate planning attorney, expresses his preference for living trusts over TOD deeds due to the complexities and limitations they impose.
