Property OwnershipMEDIUM
In Ohio, a Transfer on Death (TOD) designation affidavit allows:
Correct Answer
B) Property to pass to beneficiaries without probate upon owner's death
Ohio's TOD designation affidavit allows property to pass directly to named beneficiaries upon the owner's death, avoiding probate.
Answer Options
A
Immediate transfer of propertyB
Property to pass to beneficiaries without probate upon owner's deathC
Tax-free property transfersD
Avoiding all estate taxesVideo Explanation2 min
Audio Lesson2 min
Study Infographics
Why This Is the Correct Answer
Ohio's TOD designation affidavit allows property to pass directly to named beneficiaries upon the owner's death, avoiding probate.
Was this explanation helpful?
More Property Ownership Questions
Who does lava belong to when it forms land in Hawaii?
In California, community property with right of survivorship (CPRS) differs from joint tenancy because:
Arizona's homestead exemption protects up to:
In Hawaii, mineral rights usually belong to:
In Arizona, water rights for surface water follow:
- → With respect to real property, the term estate is BEST described as
- → Who usually selects the administrator of an estate?
- → Vermont follows which recording system?
- → Which of the following can the grantor of a life estate NOT do?
- → Riparian rights are those rights possessed by
- → A woman receives a gift of real property by will. The woman is called
- → The loss of one’s real estate by the gradual wearing away of soil through the operation of natural causes is
- → When a person dies testate, the real property
- → The property of a person who dies intestate passes by
- → If a strip of land is washed away by flood, this action is known as: