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Delaware State Senate Passes the Transfer on Death Act
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Delaware State Senate Passes the Transfer on Death Act
The Delaware State Senate this week passed the Transfer on Death Act (TODA) 21-0. The Transfer on Death Act introduces non-probate transfer of real estate, which gives real property owners the ability to designate individuals as beneficiaries upon the owner’s passing. The person named to receive the property wouldn’t have any legal ownership until the current owner passes away. This act maintains the owner’s full control of the property during t…
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