What is a Transfer on Death Deed?
Starting September 1, 2015, Texas began allowing transfer on death deeds.
This new document allows homeowners to designate beneficiaries of their real property before they die.
When the owner eventually passes away, the property will immediately pass to the designated beneficiaries. The property will still be subject to any liens or debts on the property.
However, this immediate transfer allows for a swift, uncomplicated transaction, while still maintaining the flexibility of complete control and ownership of the property while the owner is alive.