This form is a Transfer on Death Deed where the Grantors are husband and wife and the Grantees are two individuals. This transfer is revocable by either Grantor until their death and effective only upon the death of the last surviving grantor. The grantees take the property as tenants in common. This deed complies with all state statutory laws.
The Transfer on Death Deed form for Washington State is a legal document that allows property owners to designate a beneficiary who will receive their real property upon their death, without the need for probate. This type of deed ensures a smooth transfer of ownership upon the death of the property owner, avoiding the lengthy and costly probate process. In Washington State, there are two different types of Transfer on Death Deed forms: the Statutory Transfer on Death Deed (TODD) and the Non-Statutory Transfer on Death Deed (N-TODD). Both forms serve the same purpose but have some key differences. The Statutory Transfer on Death Deed form for Washington State is established under the Revised Code of Washington (RCW) 64.80, which provides a standardized form that property owners can use. This form offers legal protection and clarity as it follows the regulations set by the state. On the other hand, the Non-Statutory Transfer on Death Deed form is a customizable document that property owners can create themselves or with the help of an attorney. This form allows for more flexibility, enabling property owners to include specific instructions or conditions for the transfer of their property. Both the Statutory and Non-Statutory Transfer on Death Deed forms require certain information to be included, such as the property owner's name, the beneficiary's name, a legal description of the property, and the conditions for transfer. It is crucial to accurately complete all sections of the form and have it notarized before it becomes legally valid. Using a Transfer on Death Deed form in Washington State provides property owners with peace of mind as they can ensure their property will be passed down to their chosen beneficiary upon their passing. However, it is advisable to consult with an attorney or legal professional to understand the legal implications and requirements of using a Transfer on Death Deed in Washington State.
