Legal Question in Wills and Trusts in Missouri
I live in Missouri. I have my house & vehilcle with a TOD (transfer on death). I also have a greedy sibliing that thinks she should get everything I have. Is the TOD strong enough to protect the person that I want to receive my estate (very small) or do I need to do an adult adoption or have a will.
Thanks in advance,
Kathleen
Asked on 7/19/11, 3:41 pm
1 Answer from Attorneys
Michael R. Nack
Michael R. Nack, Attorney at Law
You can not have a "TOD" on your house. You can achieve the result you want by using a Beneficiary Deed. If your vehicle has a proper "TOD" on the title then the person you name owns the vehicle the moment you die, and no one else has any say about it. An attorney would need a lot of other information to advise you as to whether or not you should have a Will.
Answered on 7/20/11, 4:32 pm