Frequently Asked Questions proposed by AB1391
Q 1. What does the TOD deed do?
A. When you die, the identified property will transfer to your named beneficiary without probate. The TOD deed has no effect until you die. You can revoke it at any time.
Q 2. Can I use this deed to transfer business property?
A. This deed can only be used to transfer (1) a parcel of property that contains one to four residential dwelling units, (2) a condominium unit, or (3) a parcel of agricultural land of 40 acres or less, which contains a single-family residence.