Revocable Transfer On Death Deed Form Texas
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FAQ
Ing to the Transfer on Death Deed Statute, a Texas Transfer on Death Deed can be revoked in one of the following ways: By signing a new Transfer on Death Deed that expressly revokes the prior one or specifies that the property should pass to someone else.
A Texas transfer-on-death deed must include all the essential elements and formalities of other types of recordable Texas deeds. This means, for example, that the deed must be in writing and contain a precise legal description of the property. The owner must sign the deed, and it must be notarized.
Texas has a law called a revocable transfer on death deed or a beneficiary deed, which names a particular beneficiary who automatically receives ownership of real property after the original owner dies.
Whether you have a Transfer on Death Deed, Deed with Reservation of Life Estate or a Ladybird Deed, such deed could be voided by a court if the property owner lacks sufficient mental capacity at the time the deed was signed or if the deed was procured by fraud, undue influence or duress.
A transfer on death deed cannot be created by a person acting under a property owner's power of attorney, however, that person can cancel the transfer of death deed. IMPORTANT INFORMATION: Carefully read all instructions for each form. It is best to talk to a lawyer before using these forms.