Does TOD on a deed avoid probate on real estate?
TOD (transfer on death) and POD (payable on death) and tools used to avoid probate on bank accounts. To avoid probate on real estate, use a living trust or an enhanced life estate deed a/k/a a lady bird deed.
Attorney Tom Olsen: Is putting TOD on the parent's condo protect it from probate? When I think of TOD - Transfer on Death, or POD - Payable on Death, those are used for bank accounts. You do not do real estate TOD. You might do a Lady Bird. A Lady Bird Deed is a tool for avoiding probate on real estate. We do Lady Birds for our clients all the times with great success, for avoiding probate on their homes or rental condos or beach condos.
If you want information on getting a Lady Bird deed done for yourself, you can call or text Chrissie anytime 407-808-8398. Get your booklet on Easy Ways to Avoid Probate on Your Real Estate 407-808-8398. Hey, folks, my name is Tom Olsen and the name of the show is Olsen on law. We'll take a break, we'll be back in just a few minutes.