Revocable Transfer on Death Deeds
In California, to pass the contents almost any asset—a bank account, a multi-million-dollar stock account, a car of any value—upon death, all an individual needs to do is fill out a simple “Payable On Death” form. However, for most middle-class Californians, there is no easy way to transfer the title for a house.
Homeowners currently face two costly options: hire an attorney to draft a trust (which typically costs homeowners between $2,000 and $6,000) or force surviving loved ones to weather the probate process (with an average cost of $26,000).
But the Legislator created a “Revocable Transfer on Death Deed” in California.
This form simplifies the way Californians transfer real-property assets upon death through use of a simple form. It will be the most affordable alternative available to hiring an estate-planning attorney or facing the daunting and bureaucratic probate process.
You can now access the form online or by calling my office at (818) 502-1700.
Very truly yours,
David DiJulio