This form is a Transfer on Death Deed where the grantors are husband and wife or two individuals 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 or joint tenants with the right of survivorship. This deed complies with all state statutory laws.
Kansas Transfer Death Deed With Example
Category:
State:
Kansas
Control #:
KS-022-77
Format:
Word;
Rich Text
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How to fill out Kansas Transfer On Death Deed Or TOD - Beneficiary Deed For Husband And Wife Or Two Individuals To Two Individuals?
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FAQ
A TOD for Vehicles can be recorded by taking the title to the County Treasurer in the owner's county of residence and paying a fee. The grantor need not inform the recipient or get their approval to be able to record a TOD.
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.
The current property owner with the right to transfer the property must sign a Kansas deed. A deed that transfers a co-owned property should include the signatures of both owners. A lawful agent or attorney who can act on the owner's behalf may sign a deed for the owner.
You must sign the deed and get your signature notarized, and then record (file) the deed with the county register of deeds before your death. Otherwise, it won't be valid. You can make a Kansas transfer on death deed with WillMaker.
The most important benefit of a TOD account is simplicity. Estate planning can help minimize the legal mess left after you die. Without it, the probate system can take over the distribution of your assets. It can also name an executor of your estate and pay off your remaining debts with your assets.