This form is a Beneficiary or Transfer on Death Warranty Deed where the Grantor is an individual and the Grantee is an individual. This transfer is revocable by Grantor until his or her death and effective only upon the death of the Grantor. The Deed has provisions for a contingent and a secondary contingent beneficiary. This deed complies with all state statutory laws.
Indiana Tod Form With Mortgage
Category:
State:
Indiana
Control #:
IN-01-83
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Word;
PDF;
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How to fill out Indiana Beneficiary Transfer On Death Warranty Deed From Individual To Individual?
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FAQ
Invalidation and Probate The transfer on the death deed is rendered ineffective if the designated recipient passes away before the property owner. This could cause the property to enter probate without adequate planning or execution, negating the goal of using a transfer on the death deed to avoid probate.
You must sign the deed and get your signature notarized, and then record (file) the deed with the county recorder's office before your death. Otherwise, it won't be valid.
In Indiana, real estate can be transferred via a TOD deed, which allows a property owner to designate a beneficiary who will automatically inherit the property upon the owner's death, avoiding probate.
Over 31 States currently allow the use of TOD Deeds. Indiana allows the use of POD (payable on death)/TOD (transfer on death) on any type of property interest including bank accounts, investments, and even titles to vehicles since 2009.
Transfer on Death (TOD) Beneficiary The owner(s) of a vehicle may create an interest in the vehicle that is transferable on death of the owner(s) by obtaining a Certificate of Title conveying the interest in the vehicle to one or more persons as transfer on death beneficiaries (each a ?TOD Beneficiary?).