Prior to January 1, 2016, there were only three ways to effect a transfer of real property upon the death of a real property owner in California: (1) joint tenancy with right of survivorship; (2) trust transfer deed; or (3) probate.

In late 2015, the California legislature enacted yet another way to handle these real property transfers a new nonprobate transfer instrument for real estate called a "transfer on death" deed. Learn the pros and cons in this episode of the Bottled Business Sense Show.