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What Is Deed Vesting? The principle of vesting is an important tenet of property rights, and the application of the principle usually determines the owner's ability to use and profit from their personal property. As a result, vesting has important implications in real estate and the recording of real estate documents called title deeds.
How a TOD deed (or affidavit) or an enhanced life estate deed is used to avoid probate is fairly straightforward: 1  First, the owner signs a new deed (or an affidavit) that states who should inherit the real estate after the owner's death. Note that in some states an attorney is required to prepare the new deed.