California's New Estate Planning Tool:
The Revocable Transfer on Death (TOD) Deed

Estate planning attorneys likely have encountered the following scenario: a single client contacts you to set up an estate plan. He wants to ensure that his main asset—his personal residence—will pass to his children upon death without the need for a costly and time-consuming probate proceeding, but he does not want to spend a lot of money. As his attorney, you run through the potential nonprobate transfer devices that might be available to him. One option you consider is creating a revocable li...

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