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Learn how transfer on death deeds work to pass real estate directly to beneficiaries without probate. Explore state requirements and alternatives.
Transfer on death deeds only work for real estate - they cannot transfer bank accounts, investments, or personal property. The property passes directly to your named beneficiaries when you die, bypassing probate court entirely. However, if all beneficiaries die before you or disclaim their interest, the property will go through probate. These deeds are only available in certain states, so you'll need to check if your state recognizes them.