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<p class="MsoNormal"><b><span style="font-size:10.0pt;font-family:"Verdana",sans-serif;color:#002060">I believe the statute does adequately provide for the joint community property TODD. From my seminar materials:<o:p></o:p></span></b></p>
<p class="MsoNormal"><b><span style="font-size:10.0pt;font-family:"Verdana",sans-serif;color:#002060"><o:p> </o:p></span></b></p>
<p class="MsoNormal"><b><u><span style="font-size:10.0pt;font-family:"Verdana",sans-serif;color:#002060">A TODD for Community Property that is signed by both spouses/partners:</span></u></b><b><span style="font-size:10.0pt;font-family:"Verdana",sans-serif;color:#002060"><o:p></o:p></span></b></p>
<p class="MsoNormal" style="margin-left:.5in;text-indent:-.25in;mso-list:l1 level1 lfo1">
<![if !supportLists]><span style="font-size:10.0pt;font-family:"Times New Roman",serif;color:#002060"><span style="mso-list:Ignore">•<span style="font:7.0pt "Times New Roman"">
</span></span></span><![endif]><b><span style="font-size:10.0pt;font-family:"Verdana",sans-serif;color:#002060">When one Grantor dies while still married or a partner, and the other survives, the transfer due to the TODD is not yet effective to convey any interest.<o:p></o:p></span></b></p>
<p class="MsoNormal" style="margin-left:.5in;text-indent:-.25in;mso-list:l1 level1 lfo1">
<![if !supportLists]><span style="font-size:10.0pt;font-family:"Times New Roman",serif;color:#002060"><span style="mso-list:Ignore">•<span style="font:7.0pt "Times New Roman"">
</span></span></span><![endif]><b><span style="font-size:10.0pt;font-family:"Verdana",sans-serif;color:#002060">When the second Grantor dies, the TODD is effective only as to the interest owned by the second Grantor at that time of that Grantor’s death.<o:p></o:p></span></b></p>
<p class="MsoNormal" style="margin-left:.5in;text-indent:-.25in;mso-list:l1 level1 lfo1">
<![if !supportLists]><span style="font-size:10.0pt;font-family:"Times New Roman",serif;color:#002060"><span style="mso-list:Ignore">•<span style="font:7.0pt "Times New Roman"">
</span></span></span><![endif]><b><span style="font-size:10.0pt;font-family:"Verdana",sans-serif;color:#002060">Note, the surviving Grantor may revoke the TODD prior to death.<o:p></o:p></span></b></p>
<p class="MsoNormal"><b><span style="font-size:10.0pt;font-family:"Verdana",sans-serif;color:#002060"><o:p> </o:p></span></b></p>
<p class="MsoNormal"><b><u><span style="font-size:10.0pt;font-family:"Verdana",sans-serif;color:#002060">A TODD that is signed by all joint tenants:</span></u></b><b><span style="font-size:10.0pt;font-family:"Verdana",sans-serif;color:#002060"><o:p></o:p></span></b></p>
<p class="MsoNormal" style="margin-left:.5in;text-indent:-.25in;mso-list:l0 level1 lfo2">
<![if !supportLists]><span style="font-size:10.0pt;font-family:"Times New Roman",serif;color:#002060"><span style="mso-list:Ignore">•<span style="font:7.0pt "Times New Roman"">
</span></span></span><![endif]><b><span style="font-size:10.0pt;font-family:"Verdana",sans-serif;color:#002060">When a Grantor decedent is survived by other joint tenants, the transfer due to the TODD is not yet effective to convey any interest.<o:p></o:p></span></b></p>
<p class="MsoNormal" style="margin-left:.5in;text-indent:-.25in;mso-list:l0 level1 lfo2">
<![if !supportLists]><span style="font-size:10.0pt;font-family:"Times New Roman",serif;color:#002060"><span style="mso-list:Ignore">•<span style="font:7.0pt "Times New Roman"">
</span></span></span><![endif]><b><span style="font-size:10.0pt;font-family:"Verdana",sans-serif;color:#002060">When the decedent is not survived by other joint tenants, the TODD takes effect.<o:p></o:p></span></b></p>
<p class="MsoNormal" style="margin-left:.5in;text-indent:-.25in;mso-list:l0 level1 lfo2">
<![if !supportLists]><span style="font-size:10.0pt;font-family:"Times New Roman",serif;color:#002060"><span style="mso-list:Ignore">•<span style="font:7.0pt "Times New Roman"">
</span></span></span><![endif]><b><span style="font-size:10.0pt;font-family:"Verdana",sans-serif;color:#002060">Note that the TODD may be revoked after the death of one Grantor if joined by all the remaining survivors.<o:p></o:p></span></b></p>
<p class="MsoNormal"><b><span style="font-size:10.0pt;font-family:"Verdana",sans-serif;color:#002060"><o:p> </o:p></span></b></p>
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