Quote:
Originally Posted by fintstone
It seems that a "Transfer on Death" (TOD) deed is what you want to do...but a trust would be better IMHO.
It would seem that one would not want to do a delayed filing of a quitclaim or a TOD as creditors could attach liens to the property (if the elderly person had bills or were victims of fraud late in life).
|
Yes, but only about half the states allow TOD deeds (Va does, NC does not). There's also a "Lady Bird" deed which is more or less a grant of a life estate to the grantor with the grantee getting the property on death, available in a couple states.