Property Ownership
Under NC's transfer on death (TOD) deed statute (effective 2012), a property owner may:
AOnly transfer property during their lifetime
BDesignate a beneficiary to receive the property upon death without going through probate✓ Correct
CAvoid all property taxes at death
DTransfer property to multiple people only through a will
Explanation
NC's Transfer on Death Deed statute allows property owners to record a revocable TOD deed that transfers property directly to a named beneficiary upon the owner's death, bypassing the probate process.
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