Transfer on Death Deed (TODD) - An Estate Planning Tool

Nov 17

The Minnesota legislature enacted a law allowing persons to sign deeds that become effective on death. These deeds are known as Transfer on Death Deeds or TODD. The Transfer on Death Deed is similar to a payable on death (POD) designation on a bank account or a transfer on death (TOD) designation for securities. The use of a TODD is inexpensive, flexible and another option for persons with simple estates to avoid probate for their real estate.

Resources

Click here for more information on Transfer on Death Deeds and areas of estate planning they can impact. If you believe you have need of such a deed, please feel free to contact us at Frundt, Lundquist & Gustafson, Ltd..

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David Frundt

Transfer on Death Deed (TODD) - An Estate Planning Tool

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Frundt, Lundquist & Gustafson, Ltd.