- transfer on death deed;
- Pay on Death card (POD);
- Transfer on Death card (TOD); and
- joint ownership with the right of survivorship.
My first step in handling a probate file is to make this determination. It can mean the difference between a relatively easy transaction or heading down the lengthy path of probate.
This post is not intended to provide legal advice, but rather educate readers on estate planning concepts. It should not replace consulting an attorney, licensed in your state.