Build Initials Deed For Free

A transfer on death deed, or a TOD Deed, allows for individuals to pass real property to a beneficiary upon their death. Because the transfer occurs through the deed itself and is made effective upon death, the transfer is not part of the probate process.

The tax is computed at the rate of $. 50 for each $500 of value or fraction thereof. A deed cannot be recorded unless the real estate transfer tax has been collected.

The grantor must sign the deed and signatures must be acknowledged (notarized). The grantor and grantee must sign the consideration statement and the signatures must be notarized. The document must be filed in the county clerk's office of the county where the property is located (or the greater part).

How do I add someone to my deed in Kentucky? Adding someone to your house deed requires the filing of a legal form known as a quitclaim deed.

Kentucky requires the person transferring property (the grantor) and the person receiving property (the grantee) to sign the deed. A deed from or to more than one person must be signed by all grantors and grantees. A deed involving an entity must be signed by a representative with legal power to act for the entity.

Kentucky charges a real estate transfer tax for recording a deed that transfers real estate. The transfer tax rate is $0.50 per $500.00 of the property's value. The value when calculating transfer tax is the full actual consideration paid for the property, including the amount of any liens.

Law shall not prevent a person (not holding himself out as a practicing attorney) from writing a deed, mortgage, or will.

The initials should be in ink and written by your hand. They can be in either print or cursive but should be unique to you. If adding your initials to a small change in a contract, be sure to add them in the margin next to the updated information.

The initials, that scribble at the bottom of the page, are supposed to represent your consent and often end up scrawled in a corner of the page at the end of the 48th page of your contract. The usefulness of the initials is often questioned and their function remains abstruse for the vast majority of signatories.

Yes, your signature can be your initials. Just make sure that your signature matches what is on your drivers license and any other legal documents to avoid any problems with a bank, etc. You may want to update these if you do change your signature.