Thinking about using a Transfer on Death Deed (TODD) in New Hampshire?

A Transfer on Death Deed is often promoted as an inexpensive alternative to a trust for passing real estate to a loved one. While it can transfer title upon your death, there's an important catch that many people don't know about.

Under New Hampshire's relatively new law, the beneficiary may receive title, but the property may not have marketable title without a probate proceeding for up to two years after your death. In practical terms, that can mean your loved one may be unable to sell the property during that time.

A TODD can be the right tool in some situations—but it isn't the simple trust replacement that it's often made out to be.

Before you decide, let's talk about your goals and whether there is a better way to pass your property to the people you love.