New 2024 Rules for Transfer on Death Deeds in Georgia

New 2024 Rules for Transfer on Death Deeds in Georgia

In 2024, Georgia’s estate planning landscape has seen a significant change with the recent passage of new legislation. Historically, the state of Georgia did not permit the use of transfer on death deeds for primary residences, meaning these assets were required to go through the probate process upon the owner’s death. This often led to delays and additional costs for the heirs.

The new bill now allows homeowners to file transfers on deeds with the superior clerk in the county where their property is located. This simple and revocable deed ensures that the house can pass directly to a named beneficiary, bypassing the probate process entirely. This change simplifies estate planning for many, offering a more efficient way to transfer real estate to heirs.

If you believe the new rules for transfer on death deeds could enhance your estate planning, consult with both a financial advisor and an estate planning attorney. They can help you understand how this legislation could impact your specific situation.

Click here to schedule a consultation with one of our financial advisors.

Missie Beach, CFP®, CDFA®
Senior Financial Advisor, Wiser Wealth Management

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