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Key takeaways: Transfer on death (TOD) and payable on death (POD) designations can be useful methods of transferring assets to heirs when used in conjunction with a well thought-out estate plan.
You can create a TOD Deed simply by moving real estate from your name only into your Beneficiary's 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.
Sunset Date. California's legislation that originally authorized TOD deeds in 2016 contained a sunset provision automatically repealing the TOD statute on January 1, 2022\u2014unless extended before that date.
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 Recorder's Office.
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