This form is a Transfer on Death Deed where the Grantor/Owner is an individual and the Grantee beneficiary is an individual. This transfer is revocable by Grantor until death and effective only upon the death of the Grantor. This deed must be recorded prior to Grantor's death. This deed complies with all state statutory laws.
Approved transfer on death deed form for Oregon form 40 2017 is a legal document used to transfer real property (land and improvements) to a designated beneficiary upon the owner's death, without the need for probate. This form is specifically designed for residents of Oregon and is compliant with the state's laws and regulations. The transfer on death deed, also known as a beneficiary deed, allows individuals to specify who will inherit their property after they pass away, providing a simple and cost-effective way to pass on real estate assets. The form contains various sections that need to be filled out accurately and completely. It requires the owner's personal information, including their full name, address, and contact details. Additionally, the form asks for a detailed description of the property being transferred, including the legal description, property type, and location. The Oregon form 40 2017 also requires the identification and contact information of the designated beneficiary or beneficiaries. This information is crucial as it ensures that the property transfer is carried out according to the owner's wishes. Moreover, the form provides a section to designate an alternate beneficiary, who would receive the property in case the primary beneficiary predeceases the property owner. It is important to note that there is only one approved transfer on death deed form for Oregon form 40 2017. However, there might be variations in the form's requirements or format in different years. It is always recommended using the most up-to-date version of the form to ensure compliance with current laws. Keywords: Approved transfer on death deed form, Oregon form 40 2017, transfer of property, beneficiary deed, legal document, real estate assets, probate, property transfer, designated beneficiary, alternate beneficiary.
