New Transfer on Death Deed Legislation Signed into Law

As seen on CLTA.org

Legislation creating a non-probate method for conveying interest in real property upon death, Assembly Bill 139, has been signed into law by Governor Brown. The new law, which accomplishes the transfer by means of a revocable transfer upon death deed (RTDD), becomes effective January 1, 2016. The RTDD automatically transfers ownership of the property – defined to include 1-4 residential units, a condominium, or agricultural land of 40 acres or less – upon the death of the owner, and must contain a legal description. A RTDD may only be revoked by a recorded document.

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