Estate planning can feel overwhelming, but it doesn't have to be. For many homeowners, a Transfer on Death (TOD) deed, sometimes called a Beneficiary Deed, is a legal document that functions much like a payable-on-death designation for bank accounts. It is a powerful tool that simplifies the process of passing down real estate. This type of deed allows you to designate a beneficiary who will automatically inherit your property upon your death, bypassing the lengthy and expensive probate process. With a TOD deed, you retain complete control of your property during your lifetime. You can sell, mortgage, or revoke the deed at any time without the beneficiary's consent. It's only upon your death that the property automatically transfers to the named beneficiaries, without the need for probate court intervention. This flexibility, combined with the assurance that your property will pass directly to your chosen heir, makes it a popular estate planning strategy. Where Are TOD Deed...