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A transfer on death deed (TODD) is a legal document that allows a person to transfer ownership of their property after they die. A Transfer on Death deed (TOD) is used to transfer property ownership to another person when the owner dies.Upon your death, the beneficiary must provide proof of your death and file the deed with the county clerk's office in the county where the property is located. Note that beneficiary deeds are also often called transfer-on-death deeds. There are no major differences between these two deeds and their functions. Naming a transfer-on-death beneficiary allows you to choose someone to inherit your home, may offer tax benefits, and bypasses probate. A beneficiary deed, or transfer-on-death deed, does just what its name implies – transfers the property to a beneficiary only upon your death. In some states, this deed is called a "beneficiary deed" because it's a deed that names the beneficiary of the property when you die. A transfer on death deed is also called a beneficiary deed. A transfer on death deed automatically transfers an asset to a beneficiary when the owner dies.