Did you know that a even with a Will, if you don’t have your real estate in a trust, when you die your real estate will end up in probate. Regardless of who you designated to receive your house.

A recent law passed, Assembly Bill 139, makes it easy and inexpensive to ensure that the property avoids probate. Assembly Bill 139 creates the revocable transfer of death (TOD) deed which transfers to a named beneficiary real property on the death of its owner.

Probate can be expensive and a lengthy process. Many people set up trusts for all of there assets, yet this can cost a couple thousand dollars to establish. The TOD is simple and inexpensive. The document must be notarized and recorded to be effective and can be changed at any time if anything happens to your first beneficiary of choice.

Click here or more detailed information.

About Linda Urbick Linda

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Filed under: General RE Tips

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