Transfer On Death Deed Form Virginia For West
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How to fill out Virginia Revocable Transfer On Death Deed From Individual To Individual?
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FAQ
West Virginia has legalized TOD deeds by enacting the WV Real Property Transfer on Death Act. Previously, a property owner would most likely have named a beneficiary by creating a life estate with a remainder interest, a more complicated option usually involving a property lawyer.
West Virginia has legalized TOD deeds by enacting the WV Real Property Transfer on Death Act. Previously, a property owner would most likely have named a beneficiary by creating a life estate with a remainder interest, a more complicated option usually involving a property lawyer.
§ 64.2-624. An individual may transfer property to one or more beneficiaries effective at the transferor's death by a transfer on death deed.
A West Virginia transfer-on-death deed?or TOD deed?is a recorded document that lets a real estate owner transfer the property to a named beneficiary when the owner dies. A transfer-on-death deed works like a bank account with a TOD designation.
The current owner transferring property must sign a West Virginia deed. The county clerk cannot record an unsigned deed. An agent acting under power of attorney can sign a deed on the owner's behalf if the owner has signed a power-of-attorney agreement giving the agent authority. Notarization.