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Printable Transfer-on-Death Deed Form

A Transfer-on-Death Deed is a legal document that allows an individual to transfer real estate to a designated beneficiary upon their death, bypassing the probate process. This form provides a straightforward way to ensure that property is passed on according to one’s wishes without the complexities often associated with inheritance. Ready to secure your property transfer? Fill out the form by clicking the button below.

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Table of Contents

Transfer-on-Death Deed for Individual States

Document Overview

Fact Name	Description
Definition	A Transfer-on-Death Deed allows an individual to transfer real property to beneficiaries upon their death without going through probate.
Governing Law	The use of Transfer-on-Death Deeds is governed by state law. For example, in California, it is regulated under the California Probate Code Section 5600.
Revocation	The deed can be revoked or changed at any time before the death of the property owner, ensuring flexibility in estate planning.
Beneficiary Designation	Property owners can designate one or more beneficiaries, allowing for clear instructions on who will receive the property after their death.
Tax Implications	Transfer-on-Death Deeds do not trigger gift taxes during the property owner's lifetime, as the transfer occurs only upon death.

Download Transfer-on-Death Deed PDF Form

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How to File a Lady Bird Deed in Michigan - This deed keeps the property out of probate, simplifying the transfer process for heirs.

Documents used along the form

A Transfer-on-Death Deed (TOD) is a useful tool for individuals looking to pass their property to beneficiaries without going through probate. When using a TOD deed, several other forms and documents may be necessary to ensure a smooth transfer process. Below is a list of commonly used documents that often accompany a Transfer-on-Death Deed.

Beneficiary Designation Form: This form allows individuals to specify who will receive certain assets, such as bank accounts or retirement plans, upon their death. It is important for ensuring that these assets are transferred directly to the designated beneficiaries.
Will: A will outlines an individual's wishes regarding the distribution of their assets after death. While a TOD deed can transfer property outside of probate, a will may still be necessary for other assets not covered by the deed.
Power of Attorney: This document grants someone the authority to act on behalf of another person in legal or financial matters. It can be helpful if the property owner becomes incapacitated and needs someone to manage their affairs.
Affidavit of Heirship: This sworn statement identifies the heirs of a deceased person. It can help clarify the rightful heirs in situations where there is no will or when the will is contested.
Property Title Documents: These documents prove ownership of the property. They are essential for establishing that the person executing the TOD deed has the legal right to transfer the property.
Notice of Death: In some jurisdictions, a notice must be filed to inform interested parties of the property owner’s death. This document can help protect the interests of beneficiaries and ensure proper distribution of assets.
Transfer Tax Affidavit: This form may be required by local governments when transferring property. It provides information needed to assess any transfer taxes due as a result of the property transfer.

Understanding these documents can help individuals navigate the process of transferring property through a Transfer-on-Death Deed. Each form plays a role in ensuring that the wishes of the property owner are honored and that the transfer is completed efficiently.

Document Sample

Transfer-on-Death Deed Template

This Transfer-on-Death Deed is designed for use in the state of [State Name]. It enables the owner of the property to transfer their interest in real property to a designated beneficiary upon their death, as per the laws of the state.

1. Property Description:

This deed transfers an interest in the following real property:

[Full Address of Property]

[Legal Description of Property, if applicable]

2. Grantor Information:

Full Name: [Grantor's Full Name]
Address: [Grantor's Address]
Phone Number: [Grantor's Phone Number]

3. Beneficiary Information:

Full Name: [Beneficiary's Full Name]
Address: [Beneficiary's Address]
Relationship to Grantor: [Relationship]

4. Revocation: This Transfer-on-Death Deed may be revoked by the Grantor at any time before their passing, through a written revocation that complies with the laws of [State Name].

5. Signatures: The Grantor must sign this deed in the presence of a notary public to make it legally valid.

Grantor Signature: ________________________ Date: ________________

Notary Public Signature: ___________________ Date: ________________