If you are a resident of Virginia and you own real estate then you have available to you a unique tool to avoid including your real property in probate. A transfer on death deed is a type of deed that identifies one or more beneficiaries who should inherit real estate at the owner’s death. A TODD functions like a beneficiary designation for real estate, just life the beneficiary you designate for a life insurance policy. And like beneficiary designations for other types of assets, a TODD avoids probate by automatically establishing who should inherit the property when the current owner dies whether you have a will or not. https://www.richmondlawyer.com/services-virginia-transfer-on-death-deed
