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Transfer on Death Deed
Transfer on Death Deed
Should You Sign a Transfer-on-Death Deed?
A transfer-on-death deed allows homeowners to transfer ownership of their properties to beneficiaries without going through probate, which can save their families a lot of time and heartache in the future. Online research is a good place to start when considering a transfer-on-death deed, but only a real estate attorney can answer questions like, "Is a transfer-on-death deed right for me?"
Diane Danzy Odell, Attorney At Law, P.C. handles a wide array of real estate matters in Chicago. Contact Attorney Odell today to find out if your property would qualify.
Fast Facts About Transfer-on-Death Deeds
If you're thinking about signing a transfer-on-death deed, there are a few things you should know:
- You must record the deed with the appropriate county land records office.
- You must revoke the deed if you want to transfer your property to someone else.
- Your property won't be subject to a gift tax, but it will contribute to the value of your estate.
Free Consultation
Sound legal advice is based on years of training, hard work, and passion, as well as familiarity with legislation and precedent and sound consideration. You’ll find all that and more with Diane Danzy Odell, Attorney at Law P.C..
