Property Ownership
In Ohio, which of the following is TRUE about a TOD (Transfer on Death) deed?
AIt takes effect immediately upon signing and recording
BIt transfers property to the named beneficiary only upon the owner's death; the owner retains full control during their lifetime✓ Correct
CIt cannot be revoked once recorded
DIt must be probated before the beneficiary takes title
Explanation
Ohio's TOD deed (ORC 5302.22) is revocable during the owner's lifetime and takes effect only upon death.
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