This form is a Revocable Transfer on Death Deed where the Grantor is an individual and the primary beneficiary is an individual. Form contains an optional provision for designating an alternative beneficiary in the event the Primary Beneficiary does not survive the Transferor. This transfer is revocable by Grantor until Grantor's death and effective only upon the death of the Grantor. This deed complies with all state statutory laws.
Transfer On Death Deed Form Virginia With Name Change
Category:
State:
Virginia
Control #:
VA-01-84
Format:
Word;
Rich Text
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How to fill out Virginia Revocable Transfer On Death Deed From Individual To Individual?
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FAQ
To be valid, a transfer on death deed must follow the form prescribed by Virginia law. This means, among other things, that it must be dated, signed by the property owner, and notarized. In addition, a TODD must be recorded in the land records of the clerk's office of the circuit court where the real estate is located.
How to Transfer Virginia Real Estate Locate the most recent deed to the property. ... Create the new deed. ... Sign and notarize the new deed. ... Record the deed in the land records of the clerk's office of the circuit court in the jurisdiction where the property is located.
Transfer on Death Deeds are used in Estate Planning to avoid probate and simplify the passing of real estate to your loved ones or Beneficiaries. It's also known as a ?Beneficiary Deed? because in essence, you're naming a Beneficiary who will receive the deed to your property after you pass away.
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.
To be valid, a transfer on death deed must follow the form prescribed by Virginia law. This means, among other things, that it must be dated, signed by the property owner, and notarized. In addition, a TODD must be recorded in the land records of the clerk's office of the circuit court where the real estate is located.