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§ 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.
§ 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 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.
In Virginia, an owner of real property can transfer their ownership interest to one or more beneficiaries, effective upon their death, through a Transfer on Death Deed (?TOD Deed?). TOD Deeds automatically transfer ownership of the subject property directly to the designated beneficiaries 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.