Transfer on Death Deed - North Dakota - This deed is used to transfer the title of a parcel of land, including any existing liens or covenants, upon the death of the Transferor / Grantors, or last surviving Transferor / Grantor to the Grantee. It must be recorded prior to the death of Transferor / Grantors at the local recorder and should be executed in front of a Notary Public. Does not include provisions for alternate beneficiaries in the event a name beneficiary fails to survive the transferor / owner.
North Dakota Transfer On Death Deed Form With Beneficiaries
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State:
North Dakota
Control #:
ND-05-83
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Word;
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How to fill out North Dakota Transfer On Death Deed Or TOD - Beneficiary Deed From An Individual To Three (3) Individuals?
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Real Estate and TOD in North Dakota In North Dakota, real estate can be transferred via a TOD deed, otherwise known as a beneficiary deed.
There are various components to the titling of assets: One is using a transfer on death (TOD) designation, generally used for investment accounts, or a payable on death (POD) designation, used for bank accounts, which act as beneficiary designations, stating to whom account assets are to pass when the owner dies.
A North Dakota property owner may transfer or retitle real estate during the owner's life using a signed, written deed. A North Dakota deed must satisfy the legal requirements described below to be eligible for recording and to legally transfer title to the new owner.
Cent. Code § 30.1-32.1-02. An individual may transfer property to one or more beneficiaries effective at the transferor's death by a transfer on death deed.