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 Virginia Code
Category:
State:
Virginia
Control #:
VA-01-84
Format:
Word;
Rich Text
Instant download
Description
Free preview
How to fill out Virginia Revocable Transfer On Death Deed From Individual To Individual?
Locating a reliable resource to obtain the latest and suitable legal forms is a significant part of navigating bureaucracy.
Selecting the correct legal documents requires accuracy and careful attention, making it crucial to source Transfer On Death Deed Virginia Code exclusively from trusted providers, such as US Legal Forms. An incorrect form can squander your time and hinder your current situation.
Eliminate the hassle associated with your legal paperwork. Browse the comprehensive US Legal Forms catalog to find legal templates, verify their relevance to your situation, and download them instantly.
- Use the library navigation or search bar to find your form.
- Review the form's details to ensure it meets the criteria of your state and county.
- Preview the form, if available, to verify it is indeed what you need.
- Continue searching for the appropriate template if the Transfer On Death Deed Virginia Code does not meet your requirements.
- Once you are confident about the form's suitability, proceed to download it.
- If you possess an account, click Log in to verify and access your chosen forms in My documents.
- If you are not registered yet, hit Buy now to purchase the form.
- Choose the pricing plan that fits your needs.
- Complete the registration to finalize your order.
- Conclude your purchase by selecting a payment method (credit card or PayPal).
- Pick the file format for downloading Transfer On Death Deed Virginia Code.
- Once you have the document on your device, you can edit it using the editor or print it for manual completion.
Form popularity
FAQ
Transfer on death deed authorized. An individual may transfer property to one or more beneficiaries effective at the transferor's death by a transfer on death deed.
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.
You must sign the deed and get your signature notarized, and then record (file) the deed with the circuit court clerk's office before your death. Otherwise, it won't be valid.
Virginia provides its residents with a unique tool to avoid having to probate real property (land or houses etc.) at someone's death. A revocable transfer on death (TOD) deed allows an individual to name a beneficiary, who will receive the person's real property when the individual dies.
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.