What happens if the beneficiaries of your transfer on death deed do not file the survivorship affidavit within the 9-month deadline from the point of view passing away?

@lindamoneytips

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Why it worked

The video addresses a common estate planning tool (TODD) and highlights a critical, often overlooked, deadline and its severe consequences. This creates a sense of urgency and provides valuable, actionable information that resonates with a broad audience concerned about property inheritance.

Summary

This video explains a critical deadline for beneficiaries of a Transfer on Death Deed (TODD). If the survivorship affidavit is not filed within 9 months of the owner's passing, the property may enter probate, and beneficiaries might not receive it as an inheritance.

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Original caption

There is no strict legal deadline to finalize a transfer on death deed (TODD) after a property owner’s death, but you should typically record an Affidavit of Death and the deceased’s death certificate within 7 to 9 months, depending on your state. Although the property automatically transfers to the named beneficiary at the exact moment of death, failing to record the necessary documents can prevent you from legally selling or refinancing the property later and some states will require Probate. #moneytips #probate #transferondeathdeed #todd #estateplanning