What is a transfer-on-death deed?

A transfer-on-death deed lets you name who inherits your real estate automatically when you die, without it going through probate. You keep full ownership and control of the property during your life, and the deed only takes effect at death. It's a simple, low-cost way to pass a home to a loved one in the states that allow it. You can revoke or change it anytime while you're alive.