Property Ownership
What is 'transfer on death deed' (TODD) and does Hawaii recognize it?
AA. A deed that transfers property to heirs without going through probate; Hawaii does not yet recognize TODDs for real property✓ Correct
BB. Hawaii fully recognizes TODDs, which are widely used for transferring property at death
CC. A deed transferring property upon the seller's death, used in lieu of a will in Hawaii
DD. Hawaii recognizes TODDs only for commercial real estate, not residential
Explanation
A Transfer on Death Deed (TODD) allows property owners to designate a beneficiary who receives the property automatically upon the owner's death, bypassing probate. As of the time of writing, Hawaii had not yet enacted TODD legislation for real property (though other states have). Hawaii property owners typically use revocable living trusts to accomplish similar probate-avoidance goals.
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