Have questions about some estate planning tools? Here’s some information about Transfer on Death Deed that you might find helpful.
Another drawback is that it is very simple in how it transfers ownership – if you have more than one beneficiary it has to be split evenly between the beneficiaries. If a minor is a named beneficiary then you have the problem of a minor owning real estate and being unable to take care of it (as opposed to the Living Trust or Testamentary Trusts where a Trustee takes care of it for them then when they are old enough they can take over).
Have additional questions or you’d like to get started in your estate planning? Please give The Harlow Law Firm, PLLC a call at 512-240-2914 for a free consultation.
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