On July 1, 2024, O.C.G.A. § 44-17-2 went into effect in Georgia. This new law allows for a transfer on death deed, (or TODD), for real estate. This means an owner of real estate can name a party to obtain ownership of a house or other real estate upon that person’s death by designation. Properly done, this TODD avoids any probate process.
When done correctly, the transfer to a chosen heir or beneficiary is simple. In addition to or in conjunction with your estate plan, the TODD can streamline your affairs after death. A lawyer can assist with this deed fairly inexpensively.
As a lawyer with twenty-three years of wills, trusts, real estate, and probate experience, I see the pros and cons of the TODD. Further, there are already joint tenancy with right of survivorship deeds that transfer ownership to the co-tenant upon death.
Work with an Experienced Estate Planning Lawyer to Secure Your Future
At Debranski & Associates, L.L.C., with our extensive experience in estate planning, we are deeply committed to creating a comprehensive estate plan for you. We ensure that your wishes for your family are handled in the most efficient way possible, providing you with a sense of security. If you would like to discuss your estate planning options, please call to schedule a free consultation.