This type of deed is used to convey property by the circuit clerk when there has been a public sale of the property. The form is available in both word and word perfect formats.
Transfer On Death Deed Form Alabama With Florida
Category:
State:
Alabama
Control #:
AL-005-11-CP
Format:
Word;
Rich Text
Instant download
Description
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How to fill out Alabama Clerk's Deed?
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FAQ
To transfer ownership from the deceased owner, the surviving owner must bring in the original title and original death certificate of deceased owner for transfer of title. If the names are joined on the title with ?and? or nothing separating the names, it is presumed by the state to be ?AND?.
In particular, Florida law does not provide for transfer on death deeds. Florida has not adopted the Uniform Real Property Transfer on Death Act, which would otherwise allow people to use a transfer on death deed for their property. However, a lady bird deed accomplishes the same thing as a TOD deed.
Unlike some states, Alabama does not currently allow the use of TOD deeds for real estate. Instead, other instruments such as joint tenancy or revocable living trusts are typically used to avoid probate when transferring real estate upon death.
Any assets that pass to a beneficiary as a result of a TOD registration will be outside the probate estate and therefore avoid probate.
Yes. Florida uses TOD (Transfer-on-Death) and POD (Payable-on-Death) designations which allows the beneficiary (or beneficiaries) to automatically receive the specified asset upon the death of the current owner. TOD designations are often used to transfer the funds in an IRA or brokerage account to a beneficiary.