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Blank Transfer-on-Death Deed Form for Wisconsin State

The Wisconsin Transfer-on-Death Deed form allows property owners to transfer their real estate to designated beneficiaries upon their death without going through probate. This form provides a straightforward way to ensure that your property passes directly to your heirs, simplifying the transfer process. To get started, fill out the form by clicking the button below.

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Table of Contents

Document Overview

Fact Name	Details
Definition	A Transfer-on-Death (TOD) Deed allows property owners in Wisconsin to transfer real estate to beneficiaries upon their death without going through probate.
Governing Law	The Wisconsin Transfer-on-Death Deed is governed by Wisconsin Statutes Chapter 705.15.
Eligibility	Any individual who owns real estate in Wisconsin can create a TOD Deed, regardless of age or residency status.
Beneficiary Designation	Property owners can designate one or more beneficiaries to receive the property after their death.
Revocability	The TOD Deed can be revoked or amended at any time before the property owner’s death.
Recording Requirement	To be effective, the TOD Deed must be recorded with the county Register of Deeds in the county where the property is located.
No Immediate Transfer	Ownership of the property does not transfer to the beneficiary until the death of the property owner.
Tax Implications	Beneficiaries may be subject to property taxes after the transfer, but the deed itself does not trigger immediate tax consequences.
Effect on Creditors	The property remains part of the owner's estate and may be subject to claims from creditors until the owner's death.
Legal Assistance	While individuals can create a TOD Deed without legal assistance, consulting an attorney can help ensure that it meets all legal requirements and reflects the owner's intentions.

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Discover More Transfer-on-Death Deed Templates for Specific States

Illinois Transfer on Death Instrument - Upon the owner's death, beneficiaries simply present the deed to claim the property.

Pennsylvania Transfer on Death Deed - It allows for a straightforward transfer process that can align with the estate owner's overall wishes.

Where Can I Get a Tod Form - This deed must be filed with the appropriate governmental office prior to the owner's passing.

Documents used along the form

The Wisconsin Transfer-on-Death Deed allows property owners to transfer real estate to beneficiaries upon their death without going through probate. However, several other forms and documents may accompany this deed to ensure a smooth transfer and to address various legal aspects of property ownership and inheritance. Below is a list of commonly used documents in conjunction with the Transfer-on-Death Deed.

Will: A legal document that outlines how a person's assets should be distributed after their death. It may include provisions for the transfer of property not covered by the Transfer-on-Death Deed.
Living Trust: A trust created during a person's lifetime that can hold and manage assets. It allows for the seamless transfer of property upon death, potentially avoiding probate.
Beneficiary Designation Forms: These forms are used for financial accounts and insurance policies to specify who will receive the assets upon the account holder's death.
Property Deed: The official document that proves ownership of real estate. It may need to be reviewed or updated in conjunction with the Transfer-on-Death Deed.
Affidavit of Heirship: A legal document that establishes the heirs of a deceased person, which may help clarify ownership of property after death.
Power of Attorney: A document that allows someone to act on behalf of another person in legal or financial matters, which can be useful if the property owner becomes incapacitated.
Notice of Death: This document may be filed to inform interested parties of the death of the property owner, which can be important for the transfer process.
Tax Returns: Final income tax returns may need to be filed to settle any tax obligations related to the property or estate.
Estate Inventory: A detailed list of all assets owned by the deceased, which can help in the distribution process and in understanding the value of the estate.

Each of these documents plays a role in the overall process of property transfer and estate planning. It’s essential to consider these forms to ensure that the transfer of property is handled efficiently and in accordance with the law.

Document Sample

Wisconsin Transfer-on-Death Deed Template

This Transfer-on-Death Deed is executed in accordance with Wisconsin Statutes Section 705.15. It allows one person to transfer real property to another upon their death without the need for probate.

By signing below, the Grantor hereby transfers and conveys the real property described herein to the Grantee, effective upon the death of the Grantor.

Grantor Information:

Name: ___________________________

City, State, Zip: ___________________________

Grantee Information:

Name: ___________________________
Address: ___________________________
City, State, Zip: ___________________________

Property Description:

The following described real property located in the County of __________, State of Wisconsin:

___________________________________________________________________________

The Grantor affirms that they hold title to the property and have the right to execute this deed. The Grantor understands that this deed does not take effect until their death.

IN WITNESS WHEREOF, the Grantor has executed this Transfer-on-Death Deed on the ___ day of __________, 20___.

Grantor Signature: ___________________________

Print Name: ___________________________

Witness Signature: ___________________________

Print Name: ___________________________

Witness Address: ___________________________

Notary Public: State of Wisconsin, County of __________

Subscribed and sworn before me this ___ day of __________, 20___.

Notary Signature: ___________________________

My Commission Expires: _______________