Q: Does a TOD Deed replace the pre-existing deed or is there a concept where multiple deeds apply to the same property?
I recently bought a home in Jasper, GA where I am a joint owner with my father.
We asked for a TOD Deed but the law firm involved was unable to write that up.
The suggestion now is to replace that deed with a TOD Deed.
Our goal would be to have a deed that lists each of our percentage-of-ownership and then describes how that portion would be divided to beneficiaries.
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A: Hire a GA attorney to offer various estates that you and Father would want. Then have him draft a deed to execute. Right now you are confused. And remember taxes have to be paid even if many tenants in common are owners.
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