Non-Probate Transfers: Revocable Transfer upon Death Deeds
On Jan. 1, 2016, a new type of deed takes effect in California: the Revocable Transfer on Death (TOD) deed, also called a beneficiary deed. The new law allows a homeowner to transfer to a named beneficiary or beneficiaries 1-4 residential real properties, condos and/or agricultural property, under 40 acres with a primary residence, upon the owner’s death without a probate proceeding.
This course will cover specific rules governing compliance, documentation, recording period, and how to revoke a deed. Applicable forms are available from the Sacramento County Public Law Library’s website at https://saclaw.org/new-way-to-avoid-probate-transfer-on-death-deeds/
Topics will include the new Estate Planning Tool (AB 139) re California Probate Code 5642:
1. Probate Avoidance Device
2. Will Not Resort in a Probate
3. No Trust Required
5. Has no effect during lifetime
4. Can be Revoked
In addition, the course will cover 24 Frequently Asked Questions as to the TOD and a sunset period of the new law.
Who should attend: legal professionals and government staff such as County recorders, those who have an interest in real estate, members of the public who do not have a will, Title, Escrow, Trust and Estate professionals, and CPAs.
Please click the date of the class on the calendar to activate the “Book Now” button.
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