Transfer on Death (TOD) Deeds Now Available in Washington State

Washington State has legalized the ability to execute a deed that will automatically transfer the ownership of our real estate to your beneficiaries without going through probate effective March 2014.

Although this tool will be a good option in some cases, estate attorney, Pat McGowan cautions individuals to make sure using this new option does what it is intended to do, and does not conflict with your will or existing trusts.   Elder Care Attorney, Sean Bleck warns of a potential time bomb for the beneficiaries.  The State Department of Social and Health Services (DSHS) have the option to file liens against the property up to two years after death.  It is wise to consult your attorney and financial planning professionals prior to implementing a TOD Deed.

Click here for more information on the new TOD Deed.