What is a Transfer on Death Affidavit?
A Transfer on Death Affidavit is a probate avoidance tool for real estate. The Affidavit is a deed that allows the owner of real estate to transfer real estate at the time of death to named beneficiaries in the proportions determined by the owner. It has no effect on an owner’s interest in the property during life and can be changed or revoked at any time. The affidavit must comply with Ohio law and be recorded prior to death. Upon death, the named beneficiaries will assume ownership of the property with the recording of an Affidavit and Certified Copy of Death Certificate.
Contact our estate planning lawyers for more information Transfer on Death Affidavits
The Perla Law Firm has experience preparing Transfer on Death Affidavits and can advise you on the best probate avoidance and estate planning methods available. Contact our Cleveland attorneys today to discuss Transfer on Death Affidavit and other estate planning matters.