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www.res-ipsa.com
11/16/20151 transfer ON death DEED, SURVIVORSHIP AGREEMENTS,LADY BIRD DEEDSM ichael LucksingerCounsel/OwnerHighland Lakes Title2015 TEXAS LAND TITLE INSTITUTEThe New transfer on death Deed Statute Senate Bill 462 Effective Sept 1, 2015 Creates New Texas Estates Code Ch 114 Now more than 25 states with a TODD Part of increase in self-help legislation2015 TEXAS LAND TITLE INSTITUTE11/16/20152 TODD Statute Provisions to Note Optional Form in Statute with specific instructions for completion & revocation TODD must state transfer to designated beneficiary occurs at owner s death Must be signed in presence of a notary Revocable regardless of contrary provision in the TODD or another instrument Must be recorded before owner s death in county
11/16/2015 2 TODD Statute Provisions to Note “Optional” Form in Statute with specific instructions for completion & revocation TODD must state transfer to designated beneficiary occurs at owner’s death Must be signed in presence of a notary Revocable regardless of contrary provision in the TODD or another instrument Must be recorded before owner’s death in county records
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