Transfer Deed When Someone Dies

• Category: Real Estate - Deeds - Transfer on Death
• State: North Dakota
• Control #: ND-05-83
• Format: Word; Rich Text

Description

The Revocable Transfer on Death Deed is a legal form used in North Dakota to facilitate the transfer of property upon the death of the owner or transferor without the need for probate. It allows the owner to designate up to three beneficiaries who will receive the property in equal shares, ensuring a simplified transfer process. This deed must be recorded in the public records before the owner's death and can only be revoked through a recorded revocatory instrument executed while the owner is still alive. Key features include the ability of the owner to retain the right to revoke the deed and the condition that if a beneficiary does not survive the owner, their share will go to the remaining beneficiaries. Notably, the deed does not limit the owner's ability to transfer the property during their lifetime. For attorneys, partners, owners, associates, paralegals, and legal assistants, this form is essential for estate planning, providing a clear method for clients to dictate the distribution of their property after death. Proper completion of the form involves entering the owner's and beneficiaries' information in designated fields, and understanding the implications of recording and revoking the deed is vital for effective client counsel.