Amy Selby Executive Vice President, Marketing & Communications | Cobb Chamber of Commerce
Amy Selby Executive Vice President, Marketing & Communications | Cobb Chamber of Commerce
Georgia residents now have a new option for simplifying their estate plans with the introduction of Transfer on Death Deeds (T.O.D.D.), which became available in July 2024. This legal tool allows homeowners to transfer real estate directly to a designated beneficiary without the need for probate, providing a more efficient way to pass on property.
Josh Nelson, owner and attorney at Nelson Elder Care Law, highlighted the importance of this new law: “T.O.D.D. is an exciting development for Georgia homeowners. It provides a simple way to ensure your property is transferred to your loved ones without the delays and costs of probate.”
A Transfer on Death Deed enables the property owner to name a beneficiary who will automatically inherit the property upon the owner’s death. Until that time, the owner retains full control over the property, including selling or mortgaging it.
Nelson Elder Care Law advises homeowners to consider this new tool in their estate planning but notes that T.O.D.D. is just one aspect and may not be suitable for everyone. “For comprehensive asset protection, an Absolute Protection Trust™ remains the best option. We help families of all ages identify their estate goals, understand the legal tools available, and create a plan that meets their unique needs,” said Nelson.
To determine whether a Transfer on Death Deed fits your estate plan or to schedule a free consultation, contact Nelson Elder Care Law at 678-250-9355.
Nelson Elder Care Law offers expert estate planning and elder law services to help families secure their futures and protect their legacies from life's uncertainties. With personalized planning and comprehensive asset protection as its focus, the firm provides tailored solutions for each client and family.
For more information:
Nelson Elder Care Law
678-250-9355
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