Property Ownership
In Tennessee, a 'transfer on death' (TOD) deed allows a property owner to:
ATransfer the property to an heir immediately upon execution
BDesignate a beneficiary to receive the property automatically at the owner's death, avoiding probate✓ Correct
CCreate a life estate for a family member
DTransfer the property to a trust
Explanation
A transfer on death deed (TODD) designates a beneficiary who automatically receives the property upon the owner's death without probate. Tennessee enacted the Uniform Real Property Transfer on Death Act allowing TOD deeds.
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