transfer-on-death deed
A real estate deed that takes effect at death and allows a property owner to leave property in a way that avoids probate court proceedings after death. It is allowed in only some states. Sometimes called a beneficiary deed.
Category: Real Estate & Rental Property → Homeowners
Category: Wills, Trusts & Estates → Living Trusts & Avoiding Probate

Nolo’s Plain-English Law Dictionary. . 2009.

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