This form is used to when it has been discovered that through a drafting error the (Fraction or Percentage ) interest in the mineral estate conveyed in a Deed was stated incorrectly. It is the purpose of this instrument and the intention of Grantor and Grantee to correct this error, and to accurately state the actual mineral interest intended to be conveyed by the Deed.
Wisconsin Correction to Mineral Deed As to Interest Conveyed
Category:
State:
Multi-State
Control #:
US-OG-314
Format:
Word;
Rich Text
Instant download
Description
How to fill out Correction To Mineral Deed As To Interest Conveyed?
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FAQ
A TOD beneficiary is designated on a deed that must be recorded and is exempt from filing a transfer return. State the exemption from return and fee on the face of the document: "Exempt from transfer return and fee per state law (sec. 77.25(10m), Wis. Stats.)."
This new form combines into one form the prior Application for the Termination of Decedent's Interest (HT-110) and Transfer on Death to Beneficiary (TOD-110). The new form can be used with a deed that established a joint tenancy, life estate, or a recorded Transfer on Death Deed.
How do I make a change to property ownership (add, remove or change someone's name)? To change ownership of real estate, a new conveyance document (deed) must be drafted and submitted for recording along with an Electronic Real Estate Transfer Return Receipt (e-RETR) We do not carry blank forms in our office.
A $30 filing fee is typically required. Transfer Tax: Yes: 30 cents for each $100 value or fraction of $100.
A Correction Instrument is a recorded affidavit prepared by a Wisconsin Professional Land Surveyor that attests to changes made to a recorded subdivision plat or Certified Survey Map as provided for by s.
Legal instruments such as warranty deeds, quit claim deeds, etc., that convey title from one property owner to a new owner, are usually drafted by attorneys, or paralegals or legal secretaries under the supervision of an attorney.
First, there's exposure to the co-owner's creditors. Once another person is added to the deed, the property can become exposed to their financial risks. If the other person has debts or legal issues, the property could potentially be seized by their creditors. Then, there's a loss of control to consider.
The Wisconsin real estate transfer fee (RETF) is imposed upon the grantor (seller) of real estate at a rate of $3.00 per $1,000 of value. The determination of the "value" of real estate for purposes of the fee depends upon the type of transfer being conducted.
