Have you inherited a home in Minnesota through a Transfer on Death Deed (TODD)?
If so, you may now legally own the property—but with ownership comes responsibility.
While TODDs help families avoid probate, they don’t avoid costs. If you’re concerned about property taxes or can’t afford the home, this guide is for you.
What Is a TODD?
A Transfer on Death Deed (TODD) is a legal tool that allows someone to name you as the beneficiary of their real estate. When they pass away, ownership transfers to you automatically—no probate required
You now own the property. But that also means you’re responsible for it.
Your Responsibilities as a TODD Grantee
If you’ve inherited property through a TODD, here’s what you may now be responsible for:
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Paying property taxes
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Maintaining and insuring the home
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Paying off any mortgage or liens
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Handling any special assessments
Failing to pay property taxes can lead to tax forfeiture, which could result in losing the home.
Can’t Afford the Taxes or Costs? Here Are Your Options
If the home feels like more of a burden than a blessing, you’re not stuck. You have options.
1. Sell the Home
You can sell the home to cover expenses. Once sold, proceeds can pay off taxes, debts, and any remaining funds are yours.
Tip: Check the title for hidden issues like unpaid liens before listing.
2. Rent the Property
If you’re not ready to sell, renting the home can help cover property taxes and other costs.
3. Disclaim the Inheritance
You can legally refuse the inheritance by filing a disclaimer. In Minnesota, this must usually be done within 9 months of the owner’s death and before taking any ownership actions.
This means the home will pass to their next legal heir.
4. Work With an Estate or Real Estate Attorney
Our experienced attorneys can:
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Review the home’s title and debts
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Explain tax deferral or payment options
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Help you sell, disclaim, or transfer the property
What If There’s a Mortgage on the Home?
A TODD does not remove any mortgage. As the new owner, you may:
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Be required to continue monthly payments
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Refinance the loan in your name
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Face foreclosure if payments stop
It’s important to contact the mortgage lender right away to discuss your options.
Don’t Panic —You Have Help
If you’re inheriting a home through a TODD in Minnesota and feel overwhelmed, you’re not alone. The attorneys at Markve & Zweifel can help.
We’ll guide you through your legal and financial options, whether you want to:
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Keep the home
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Sell it
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Disclaim it
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Understand your rights and obligations
Contact Us Today
At Markve & Zweifel, we help Minnesotans handle property inheritance with clarity and confidence. Whether you need help with taxes, selling the home, or understanding your legal rights—we’re here to support you.
