Difference between revisions of "Texas Real Property Transfer on Death Act"

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[[File:TRPTODA.jpg|150px|border|right|Senate Bill 462]]''Summary: Article provides brief introduction to TRPTODA and links to other pages that contain text of and detailed analysis on each section''
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[[File:TRPTODA.jpg|150px|border|right|Senate Bill 462]]''Summary: article provides brief introduction to TRPTODA and links to other pages that contain text of and detailed analysis on each section''
  
 
The TRPTODA authorizes a new method of transferring real property. It allows an owner to designate one or more beneficiaries to automatically receive the property at death.
 
The TRPTODA authorizes a new method of transferring real property. It allows an owner to designate one or more beneficiaries to automatically receive the property at death.

Latest revision as of 11:17, July 13, 2019

Senate Bill 462

Summary: article provides brief introduction to TRPTODA and links to other pages that contain text of and detailed analysis on each section

The TRPTODA authorizes a new method of transferring real property. It allows an owner to designate one or more beneficiaries to automatically receive the property at death.

The property passes outside of probate by means of a transfer on death deed. Until death, the owner retains the right to transfer or encumber the property or revoke the deed.

A transfer on death deed is useful, for example, to an owner who wants to modify the devolution provided by the Texas intestate statute and avoid the regular probate process.

On Texas Legal Guide, each section of the TRPTODA has its own page: