Property Ownership
A Texas property owner wants to leave their home to their two children equally through a will. The most appropriate estate planning tool that also avoids probate would be:
AA traditional warranty deed to both children now
BA Texas Transfer on Death Deed (TODD) naming both children as beneficiaries✓ Correct
CAn oral agreement with the children
DFiling a lis pendens
Explanation
A Texas Transfer on Death Deed (TODD) allows the owner to designate beneficiaries who receive the property automatically upon the owner's death without probate. The owner retains full control during their lifetime and can revoke or change the TODD at any time.
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