What is a Transfer on Death Deed and is it better than a Living Trust? |

By popular demand, our attorneys are back to discuss the Transfer on Death Deed (TOD Deed). On Episode 11, Jennifer, Cindy, and Edmund compare the TOD Deed with a Living Trust and explain which is better for your family situation.
Some of the FAQs we answer in this video: How does the TOD Deed work? Is it actually better than a Living Trust? Can I name my kids on my TOD Deed?
In-depth blog article - California's Transfer on Death Deed: What You Need to Know
www.edmundvincentlaw.com/blog/...
For more information about the TOD Deed, or if you need help preparing the TOD deed, give us a call at [phone] for a free consultation!
Amity Law Group, LLP
3733 Rosemead Blvd, Suite 201
Rosemead, CA 91770
511 E 1st St., Suite H
Tustin, CA 92780
[phone]
[e-mail]
www.amity-law.com
Music: Spring by Ikson / ikson
Music promoted by Audio Library • Spring - Ikson (No Cop...
遗产规划律师，遗产律师，遗产，遗嘱律师，财产规划，信托律师，律师，遗嘱，继承，继承法，继承法律师
DISCLAIMER:
The materials contained in this video is provided solely for informational purposes and is considered attorney advertising. The information is not intended to create, and receipt of it does not constitute, an attorney-client relationship between you and Amity Law Group, LLP or any of its attorneys or an offer to create such an attorney-client relationship. The information contained herein is not guaranteed to be correct, complete or up-to-date. It should NOT be relied upon or construed as legal advice. You should not act or elect not to act based upon this information. Please do not send or communicate information to us that you consider confidential without first obtaining 1) a written statement from us that we represent you, or 2) permission from one of the firm’s attorneys to provide confidential information to us relating to a particular matter. Any testimonial or endorsement does not constitute a guarantee, warranty, or prediction regarding the outcome of your legal matter.

[@helenwood3199]

If your TOD beneficiary passes before you, then change the deed to your new beneficiary. Easy peasy.

[@xlyal8908]

that is if you are not sick like my father who has alzheimer. He can't do anything right now and that is the problem with TOD

[@helenwood3199]

@@xlyal8908 Have his POA handle the matter since he is incapacitated mentally.

[@Mrsitarman]

Take the music out of your productions it is just a distraction making it hard to hear the words.

[@DK-pr9ny]

Can you tell lawyers make more money on the living trust lol?

[@lindacaldwell5566]

Yes, without a doubt I can tell!!!

[@lindacaldwell5566]

You provided an exemplary explanation!! Thank you for your information.❤

[@techworld-kc6lt]

Shut the music

[@lagoonlane]

Thanks guys !

[@jamesalanstephensmith7930]

Very helpful!

[@selurusey]

The requirements for TOD deed are listed as: 1. Property transferred must be less than 1 million dollars in value. 2. Your child(ren) must claim the property as his or her primary residence. Do both of these requirements need to be met? Can only one requirement be met?

[@islandbreeze496]

What about stepped up basis? Does a transfer on death deed keep the original tax basis?

[@helenwood3199]

TOD gets a stepped up basis when the property transfers.

[@Ebiczebulanious]

What about capital gains on real estate with a TOD?

[@lindacaldwell5566]

This is my question exactly do you know where I can find out this information?

[@christeveva4714]

Hi, this video explained well about the "Living Trust" and thank you very much for sharing this. Also, I would be grateful if you can share me where can I download a sample form of "Living Trust" because the facts that you discussed in this video are exactly the details I need for "Living Trust" that my brother need against to his immoral/playgirl legal wife for the protection of his son's rights/heritage.

[@AmityLawGroup]

Hi there, we're glad to help! If you live in California and are interested in setting up a Living Trust, please give us a call at [phone]. We can set up a free consultation to discuss your needs. Talk soon!

[@Crillo401]

music is loud

[@p.s.9031]

When a beneficiary of a inherited property files to claim a property can he apply for a Transfer on Death deed at the same time or do you have to wait for the transfer to go through before filing the TOD form (I'm trying to avoid a second trip to the Recording Office) Thanks in advance.

[@AmityLawGroup]

Hello! Thank you for your questions! As of May 18th, 2020, the Recorder's Office is closed and would not be able to accept any sort of documents over the counter. However, if you do plan on going after they reopen their office, you generally can bring both deeds to the Recorder's Office and have them recorded one after the other or mail both deeds at the same time. -Karen

[@Bitsandpeices]

Hello do u guys have a book out

[@corascott4360]

Question my dad passed away and his wife passed away to .My father had 10 kids none by his wife. But her kids got all my father assets. Is there anything we can do?

[@JM-yx1lm]

Not really since he married her all his property transfers to her. She can do as she wishes.

[@fordsarecooltrucks]

I think you miss understood the question.

[@rayray5501]

Your background music I s disruptive!

[@tgomez98]

In addition to a Transfer on Death Deed, you can prepare the Last Will and Testament and spell out what need to be distributed upon the death of the Home Owner. REVOCABLE Trust verbage is almost similar to the Last Will and Testament without children.

[@momoydacuycoy]

Pls remove the music background completely.

[@kimbui6267]

Can the two female lawyers project their voice a little bit lowder and clearer? They are whspering so it is hard to hear them

[@AmityLawGroup]

Hello Kim! Thank you for your feedback. We will notify our production team and make improvements for future videos.

[@GonFreaksss]

You guys sound depressed. Is the TOD deed really that bad? At least Jennifer said it might be right for some people, but in a very sad way.

[@glenanstine8319]

A TOD is substantially cheaper compared to a trust. Lawyering is a business, of course any good businessperson will want to sell the more expensive option.

[@sheepbay3]

How come non of you have Asian Forenames ?????? 🤔