This form is a Transfer on Death Deed where the Grantors are husband and wife and the Grantee / Beneficiary is an individual. This transfer is revocable until Grantor's death and effective only upon the death of the last surviving Grantor. The primary beneficiary / Grantee takes the property if the primary beneficiary survives the Grantors. There is no provision for an alternate beneficiary. If the primary beneficiary does not qualify, the deed is null and void. This deed complies with all state statutory laws.
Oregon Transfer Death Form With Notary
Category:
State:
Oregon
Control #:
OR-03-83
Format:
Word;
Rich Text
Instant download
Description
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How to fill out Oregon Transfer On Death Deed From Two (2) Individuals Or Husband And Wife To An Individual WITHOUT Provision For Appointment Of Alternate Beneficiary.?
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FAQ
You 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.
An Oregon deed of trust is a contract in which the title to one's real estate is assigned to a third-party trustee to provide security (collateral) for a home loan. The security is held by the trustee throughout the term of loan repayment.
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.
However, Lady Bird deeds are not recognized in Oregon. Nonetheless, similar outcomes can often be achieved through the use of a revocable living trust or a TOD deed.
An 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.