“I already have a Transfer on Death Deed on my house. I’m good.”

Probably not. A “Transfer on Death Deed” (TOD) can be useful to transfer real estate; but it does not apply to your other assets. Also, consider this scenario: “Suzie Smith” is the sole owner of her family home.  She created a “Transfer on Death Deed” so that upon her death the house would transfer to her 4 children equally as tenants in common, meaning they each would own ¼ of Suzie’s house.   After Suzie’s death, two of Suzie’s children wanted to live in Suzie’s house with their families.  The other two children wanted to sell the house for a share of the proceeds.  Because each of Suzie’s children is a partial owner, they all must unanimously agree on what to do with the house.  Without agreement, the house cannot be sold or transferred.  

Suzie should have created a Revocable Trust to direct how she would like this problem managed.