Understanding New Hampshire's Transfer on Death Deeds (TODD): What You Need to Know
Effective July 1, New Hampshire has adopted the Uniform Real Property Transfer on Death Act (RSA 563-D). RSA 563-D authorizes the use of Transfer of Death Deeds (TODD) in New Hampshire , bringing significant changes to property inheritance procedures. Here’s what you need to know about TODDs: What is a TODD? A Transfer on Death Deed (TODD) is a legal instrument that allows real property to transfer to designated beneficiaries upon the death of the property owner (grantor). Key Features of TODDs: Non-Testamentary: TODD assets bypass probate proceedings, streamlining the transfer process. Exempt from Transfer Taxes: There are no transfer taxes applied to TODD transfers. Key Requirements: Recording: The TODD must be recorded with the county registry of deeds before the grantor’s death. Timing: It must be recorded at least 60 days after signing to ensure validity. Property Description: A complete and accurate property description is required. No Notice Required: U...