This form is a Transfer on Death Deed where the Grantor is an individual and the Grantee is also an individual. This transfer is revocable by Grantor until death and effective only upon the death of the Grantor. This deed complies with all state statutory laws.
Hawaii Transfer On Death Deed Form With Notary
State:
Hawaii
Control #:
HI-01-82
Format:
Word;
Rich Text
Instant download
Description
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How to fill out Hawaii Transfer On Death Quitclaim Deed From Individual To Individual?
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FAQ
The deed or assignment of lease must be signed (in black ink) by the current owner and the new owner before a notary public. The deed or assignment of lease must be recorded in the State of Hawaii Bureau of Conveyances or Land Court. A Conveyance Tax Certificate must be filed and any tax due must be paid.
A transfer on death (TOD) bank account is a popular estate planning tool designed to avoid probate court by naming a beneficiary. However, it doesn't avoid taxes.
Transfer-on-Death deeds also do not allow for naming a contingent beneficiary on the deed like a trust document that owns the property does. Secondly, if the intended beneficiary is a minor, the minor would not be able to manage or transfer the property until they reach the age of 18.
Hawaii Transfer on Death Deeds You must sign the deed and get your signature notarized, and then record (file) the deed with either the Bureau of Conveyances or the Office of the Assistant Registrar of the Land Court (see "Recording Your Deed" below to determine which) before your death. ... The beneficiary's rights.
A Quitclaim Deed transfers whatever interest the Grantor may have in the property. It makes no guarantees, whatsoever. For example, anyone could Quitclaim their interest in any property whether they owned it or not. The Grantee would own whatever interest the Grantor had, which could turn out to be nothing.