Effective January 1, 2016, AB 139 provides for a non-probate transfer of real property by use of a revocable Transfer on Death Deed (“RTOD” for short). Because of its recent adoption in the state, it is not possible to say how the RTOD will be regarded by title insurers. Below is some general information about an RTOD.
The grantor in an RTOD is known as a Transferor. The grantee is known as a Beneficiary. An RTOD takes effect only upon the death of the Transferor. During the life of the Transferor, an RTOD has no effect, and the Beneficiary holds no interest.