Can I Use a Transfer on Death (TOD) Deed for My House in Iowa?

The short answer is no.  As of this writing, Iowa law does not recognize Transfer on Death (TOD) deeds.  While there is currently a bill in the Iowa legislature proposing to enact a statute to allow TOD deeds, it has not yet been passed into law. 

If such a bill is enacted, Iowa would join a number of other states that recognize Transfer on Death deeds.  In essence, a TOD enables the owner of real estate to automatically transfer ownership of the property to a designated beneficiary upon their death. 

Although TOD deeds are not allowed in Iowa, Iowa law does recognize life estates, which allows a person to use and occupy a property during their lifetime, with full ownership transferring to a beneficiary upon their death.  Iowa also permits ownership of property by joint tenancy with full right of survivorship, which automatically transfers one owner’s share upon their passing to the surviving owner(s). 

If you have any questions or for additional information, please contact the attorneys at Crimmins & Kehm Law Firm at 515-573-2191.