a transfer on death (TOD) deed may be the answer. Because a TOD deed, also known as a beneficiary deed, bypasses probate, it ...
Transfer on death (TOD) designations avoid probate ... A TOD is used for stocks, bonds, deeds, and similar assets. Type of Account: Required documents depend on the type of account, such as ...
For example, real estate can have the designation via a transfer-on-death deed, and vehicles can have a TOD designation ...
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While Rhode Islanders can avoid the costly and complex process of probate when they pass along financial assets like pension plans and life insurance policies to a named beneficiary, these mechanisms ...
For many people, their home is their single most valuable asset and a transfer on death deed would allow the transfer of a home without the complications and expenses of the probate process ...
The transfer is automatic with a life estate ... and Susan N. Gary. "Death Without Probate: TOD Deeds—The Latest Tool in the Toolbox." American Bar Association Perspectives, vol.