A new California law took effect this year that allows the use of transfer on death (RTD) deeds for real property. An RTD deed is a revocable beneficiary deed, involving the gift of an individual’s residence, which does not become a completed transfer until the death of the transferor. It is limited to multi-unit properties with one to four dwelling units, condominiums and single family residences (with fewer than 40 acres of agriculture land).
Click here for more information and here to download the blank deed with a Q&A.
