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 Wisconsin
Category:
State:
Oregon
Control #:
OR-01-83
Format:
Word;
Rich Text
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FAQ
A ?Transfer on Death? (TOD) Deed can be a useful tool when creating an estate plan. This particular type of deed can streamline the process of conveying real property incident to your death.
To create a transfer-on-death deed in Oregon, the property owner must execute and record a TOD deed that names one or more beneficiaries who will inherit the property upon the owner's death. The TOD deed must also describe the property and specify the ownership interest that is being transferred.
A Wisconsin TOD deed must include: The name of the property owner or owners whose interest a TOD deed will transfer; The TOD beneficiary's name; and. A statement that the transfer only becomes effective upon the owner's death.
A ?Transfer on Death? (TOD) Deed can be a useful tool when creating an estate plan. This particular type of deed can streamline the process of conveying real property incident to your death.
A Wisconsin transfer on death deed allows an owner of real property to designate one or more beneficiaries to receive their interest upon their death. Also known as ?pay on death? (?POD?) or ?TOD? for short, this document allows the transferor and beneficiary to skip the lengthy probate process.
More info
Complete a new transfer on death deed for the same property. The deed should be recorded in the same office as the original transfer on death deed.Our transferondeath deed creation service makes it easy. This form can be an excellent tool to ensure that your property goes to the right person (or people). But you have to keep it updated. If you own real property and are looking for a way to avoid probate, you need to understand the benefits of a transfer on death deed. Creating a TOD deed is a snap. Use this form to leave your Oregon real estate without probate. You retain ownership, responsibility, and control over the property during your life. In short, the bill provides a clear new tool complete with the appropriate rules and safeguards to make the transfer on death deed work in Oregon.