This form is a Minnesota Transfer on Death Deed from an individual Grantor Owner to an individual Grantee Beneficiary. The Grantor Owner retains the right to sell, encumber, mortgage or otherwise impair the interest Grantee Beneficiary might receive in the future, without joinder or notice to Grantee Beneficiary. Upon the death of the Grantor Owner, assuming the property has not been transferred by subsequent deed to others, and the deed was recorded properly before Grantor Owners death, the property shall vest in the Grantee Beneficiary. The form also provides the option to name a successor beneficiary in the event the Grantee Beneficiary predeceases the Owner Grantor. This deed complies with all state statutory laws.
Minnesota Transfer On Death Deed Form With Wisconsin
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State:
Minnesota
Control #:
MN-01-82
Format:
Word;
Rich Text
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How to fill out Minnesota Transfer On Death Deed - Individual To Individual?
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FAQ
At your death, the real estate goes automatically to the person you named to inherit it (your "beneficiary"), without the need for probate court proceedings. (Minn. Stat. § 507.071.)
A ?Transfer on Death? (TOD) Deed can be a useful tool when creating an estate plan. This particular type of deed can streamline the process of conveying real property incident to your death.
To get title to the property after your death, the beneficiary must record the following documents in the county where the property is located: (1) an affidavit of identity and survivorship, (2) a certified death certificate, and (3) a clearance certificate (showing that the county will not seek reimbursement for ...
A Wisconsin TOD deed must include: The name of the property owner or owners whose interest a TOD deed will transfer; The TOD beneficiary's name; and. A statement that the transfer only becomes effective upon the owner's death.
A transfer on death deed may be executed by a duly appointed attorney-in-fact pursuant to a power of attorney which grants the attorney-in-fact the authority to execute deeds.