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.
Oregon Transfer On Death Deed Form With Notary
Category:
State:
Oregon
Control #:
OR-01-83
Format:
Word;
Rich Text
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How to fill out Oregon Transfer On Death Deed From An Individual Owner/Grantor To An Individual Beneficiary.?
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FAQ
A transfer on death deed can be a useful addition to your estate plan, but it may not address other concerns, like minimizing estate tax or creditor protection, for which you need a trust. In addition to a will or trust, you can also transfer property by making someone else a joint owner, or using a life estate deed.
Hear this out loud PauseTransfer on Death Deeds are used in Estate Planning to avoid probate and simplify the passing of real estate to your loved ones or Beneficiaries. It's also known as a ?Beneficiary Deed? because in essence, you're naming a Beneficiary who will receive the deed to your property after you pass away.
Hear this out loud PauseYou must sign the deed and get your signature notarized, and then record (file) the deed with the county clerk before your death. Otherwise, it won't be valid. You can make an Oregon transfer on death deed with WillMaker.
Hear this out loud PauseAn Oregon deed must be signed by the current owner transferring real estate?the grantor?or a lawful agent or attorney signing for the grantor. Notarization. The current owner's signature must be acknowledged before a notary or other authorized officer.
Hear this out loud PauseDisadvantages of a Transfer on Death Deed For example, your property will be subject to probate court if your beneficiary predeceases you and you lack an alternate estate plan. Another disadvantage is if you co-own property under a joint tenancy.