Quote:
Originally Posted by MrLonzo
There are only 5 states that have ladybird deeds. Florida is one, but California, where I still own a house, is not. If I die before I sell it, probate is still required, I believe, unless there's some other 'trick' I'm not aware of. Yes, most of my other accounts are designated beneficiaries.
|
As I understand it, California has a transfer-on-death (TOD) deed for real estate that allows you to name a beneficiary and avoid probate. Florida does not allow TOD deeds, which is why many people use the ladybird deed.