Transfer-on-Death Accounts

Many people prefer to avoid putting their estate through probate for their beneficiaries because it can be a long and expensive process, and in some cases involves disputes between inheritors. A simple way to avoid probate for some or all of your assets is to use transfer-on-death accounts. These accounts provide a way for people to have control over the assets in the accounts while they are living, and automatically transfer the accounts upon their death.

If you are giving some thought to how you want to distribute your estate upon your death, the Houston estate planning lawyers of Garg & Associates, P.C., can help you with this process and clarify any questions you may have. To speak with an experienced attorney today, contact us at 281-362-2865.

Different Transfer-on-Death Accounts

Money, vehicles, stocks, and real estate each have their own procedure for transferring to your beneficiaries without probate. The following is a brief description of each:

    • Vehicle Transfer-on-Death Registration– Depending on what state you live in, this registration allows you to transfer your vehicle directly to an inheritor upon your death
    • Securities Transfer-on-Death Registration – With a transfer-on-death securities registration, all your stocks and bonds can be transferred directly to the person of your choice upon your death without having to give up any control of these assets before your passing
    • Transfer-on-Death bank account -Any money in this account goes directly to your beneficiary upon your death just by filling out an easy form
    • Transfer-on-Death Real Estate Deed – Depending on which state the property is in, you can add someone to your real estate deed, to take effect upon your death

The great thing about all of these options is that they do not tie up your property while you are living, but still allow your beneficiaries to eventually receive your property without having to go through probate.

Contact Us

If you are considering creating a transfer-on-death account for your beneficiaries, you might benefit from the counsel of a knowledgeable attorney. Contact the Houston estate planning attorneys of Garg & Associates, P.C., today at 281-362-2865 to speak with a qualified member of our legal team about your options.

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Garg & Associates, PC | 21 Waterway Avenue, Suite 300 | The Woodlands, Texas 77380 Please call 281-362-2865 | Fax: 866-743-4506
Serving The Woodlands, Spring, Houston, Conroe, Kingwood, Tomball, Cypress, Huntsville, Cleveland, Stafford, Montgomery County, Harris County, West Oaks, Memorial, Sugar
Land, River Oaks, Alief, Stafford, Missouri City, and Southwest Houston Texas.