Choosing between a TOD deed and a living trust depends on your goals.
Transfer-on-Death Deed
Best for:
- Simplicity
- Lower cost
- One primary property
Pros:
- Avoids probate
- Easy to set up
- Revocable anytime
Cons:
- Limited to real estate
- Less flexibility
Living Trust
Best for:
- Multiple assets
- Complex estates
- Privacy
Pros:
- Covers all assets
- Avoids probate
- More control
Cons:
- Higher cost
- More complex setup
Which Should You Choose?
If you only need to transfer your home, a TOD deed is often the simplest solution.
If you have multiple assets or complex needs, a trust may be better.
Bottom Line
Many Georgia homeowners choose TOD deeds for simplicity and cost savings.