In recent years the Virginia General Assembly enacted new legislation giving Virginians a great new option when it comes to
Estate Planning. The new law allows Virginians to make their real estate transferable on death to a named beneficiary outside of the probate process. For our clients and their families, this often means a savings of time and money. This is similar to an investment account, bank account, etc. being set up as payable on death. Taking advantage of this new law involves recording a Revocable Transfer on Death Deed in the Circuit Court where the property is located. As the name implies, these “deeds” are completely revocable so that the beneficiary can be changed or removed. Please contact our office to see whether a Revocable Transfer on Death Deed is right for you and your family.
The content of this Blog/Web Site does not constitute legal advice. Because legal advice must be tailored to the specific circumstances of each case and laws are constantly changing, you should seek the assistance of licensed and competent legal counsel for specific legal advice.