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Does Ohio allow TOD deeds?

Yes. Ohio law allows individuals who do not need the estate administration benefits of a trust agreement to avoid Probate on the transfer of real property by executing a legal document called a Transfer-On-Death (TOD) Designation Affidavit. What is a TOD Designation Affidavit?

What is a transfer on death affidavit in Ohio?

The Transfer on Death Designation Affidavit (TOD), when properly recorded, permits the direct transfer of the described real property to the designated beneficiary or beneficiaries upon the death of the owner, thus avoiding Probate administration.

How do I get TOD?

You can create a TOD Deed simply by moving real estate from your name only into your Beneficiarys name as a TOD. The property remains yours and you continue to control it until you pass away, at which point the deed automatically transfers to the name of your Beneficiary.

Is transfer on death the same as a beneficiary designation?

There are various components to titling; one is using a transfer on death (TOD), generally used for investment accounts, or payable on death (POD) designation, used for bank accounts, which acts as a beneficiary designation to whom the account assets are to pass when the owner dies.

How do I file a TOD in Ohio?

How to create a Transfer on Death for your home Choose your recipients. You can choose one or more people to become owner of any home or land that you own. Find a copy of your deed. Complete the TOD for real estate form. Take the form to a notary . Submit the form at your County Recorders Office.

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