An Indiana transfer on death deed is an estate planning tool that allows a property owner to designate who will receive their property in the event of their death. If properly executed, the deed will allow the beneficiary of the property to avoid a potentially long and arduous probate process. The deed does not need consideration, meaning that the property owner does not need to inform the beneficiary of any decisions. Until the death, the owner will maintain their ownership rights and have the ability to transfer the title, lease the property, add or remove beneficiaries, or revoke the deed in its entirety.