Gerry W. Beyer, Professor of Law at Texas Tech University School of Law, has made available for download his article, “Transfer on Death Deeds: A Texas Primer.” The abstract reads as follows:
The 2015 Texas Legislature enacted a “Texasized” version of the Uniform Real Property Transfer on Death Act joining over a dozen other states that have already done so. Transfer on death deeds (hereinafter “TODDs”) were previously authorized under Estates Code § 111.052 (recodifying Probate Code § 450) which validates “any provision in a…conveyance of property…stating that…property that is the subject of the instrument shall pass, to a person designated by the decedent in the instrument.” However, this “bare-bones” provision provided little guidance with regard to the myriad of issues that these type of deeds could raise. Passage of this legislation was designed to bring greater clarity to this technique. This article discusses the operation of the new statute.
Download full article at: Transfer on Death Deeds: A Texas Primer by Gerry W. Beyer
Posted by Damien Lee, Associate Editor, Wealth Strategies Journal.