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LAW OTHER category: In this scenario a property owner/transferor has recorded a Texas Transfer on Death Deed (TODD) at her local court house to transfer
LAW OTHER category:
- In this scenario a property owner/transferor has recorded a Texas Transfer on Death Deed (TODD) at her local court house to transfer her real-estate property to her son upon death thus avoiding probate. The owner/transferor lives in Texas and designated her son (a Canadian citizen) as her primary beneficiary and included his name and mailing address (Canadian mailing address) on the TODD. Which is true, select all that apply.
- The primary beneficiary mailing address is not an issue.
- TODD beneficiary must be a US Resident with US mailing address
- TODD beneficiary can be anyone outside of the US, in this case, beneficiary is located in Canada
- TODD should be revised to include a US mailing address for her primary beneficiary although he resides in Canada
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