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Payable On Death Form Chase Bank

State:
New Mexico
Control #:
NM-019-77
Format:
Word; 
Rich Text
Instant download

Description

Transfer on Death Deed - Beneficiary Deed - New Mexico - Individual to Individual: This deed is used to transfer the title of a parcel of land, attaching any existing covenants, upon the death of the Grantor to the Grantee. It should be signed in front of a Notary Public.
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  • Preview Transfer on Death Deed or TOD - Beneficiary Deed for Individual to Individual
  • Preview Transfer on Death Deed or TOD - Beneficiary Deed for Individual to Individual
  • Preview Transfer on Death Deed or TOD - Beneficiary Deed for Individual to Individual

How to fill out New Mexico Transfer On Death Deed Or TOD - Beneficiary Deed For Individual To Individual?

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FAQ

Here's how to navigate the loss of a loved one Call 1-800-392-5749 option 1 or visit a local branch. Required decedent information: The decedent's full legal name. Their Social Security Number.

Beneficiary: A person designated to receive money or property from a person who has died. For example, someone can be designated as a beneficiary in a will or on a bank account (e.g., named in an informal trust as In Trust For (ITF) or named as a Payable on Death (POD) beneficiary).

For example, someone can be designated as a beneficiary in a will or on a bank account (e.g., named in an informal trust as In Trust For (ITF) or named as a Payable on Death (POD) beneficiary).

The account holder needs only to notify the bank of who the beneficiary should be. The bank, on its end, will give the owner of the account a beneficiary designation form called a Totten trust to fill out. The completed form gives the bank authorization to convert the account to a POD.

A Payable on Death (POD) beneficiary is an individual, group of individuals, non-profit, company, organization or trust, other than the owner or co-owner, designated by the owner(s) of the account to receive the balance of funds when the last owner on the account passes away.

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Payable On Death Form Chase Bank