A Transfer on Death Deed (TODD) is an easy and inexpensive way to transfer real estate to someone upon your death. Although the probate process in Texas is not as difficult as many states, with a properly executed TODD, your family will not have to go through probate court.
A TODD acts like a beneficiary designation or payable on death account at your bank. A TODD designates a beneficiary that your property will be passed to upon your death. This transfer of the property occurs outside of the probate system.
Another advantage of a TODD is that the property would NOT be ...