This form is a Revocable Transfer on Death Deed where the Grantor is an individual and the Grantee is an individual. The Grantor retains the right to revoke. The Deed must be recorded on or before 60 days after the date it is signed and notarized or it will not be effective. The Grantee must survive the Grantor or the conveyance is null and void. This deed complies with all state statutory laws.
Description of Riverside California Revocable Transfer on Death Deed — Individual to Individual: The Riverside California Revocable Transfer on Death Deed (TOD Deed) is a legal document that allows individuals to transfer their real property in Riverside County to another individual upon their death, without the need for probate. This type of deed is commonly used as an estate planning tool to simplify the transfer of assets and avoid the costs and delays associated with probate. With a Riverside California Revocable TOD Deed, the property owner retains full control and ownership of the property during their lifetime, but designates a specific individual as the beneficiary who will receive the property upon their death. The transfer occurs automatically without the need for court intervention, making it a convenient and efficient method for transferring real estate. Keywords: Riverside California Revocable Transfer on Death Deed, individual to individual, TOD Deed, estate planning, real property, Riverside County, probate, beneficiary, property owner, transfer of assets, court intervention. Types of Riverside California Revocable Transfer on Death Deed — Individual to Individual: 1. Basic TOD Deed: This is the standard form of the Riverside California Revocable TOD Deed, where the property owner designates a specific individual as the beneficiary to receive the property upon their death. 2. Contingent TOD Deed: In this type of TOD Deed, the property owner designates a primary beneficiary but also includes a contingent beneficiary, who will receive the property if the primary beneficiary predeceases the property owner. 3. Joint TOD Deed: This variant of the Riverside California Revocable TOD Deed allows co-owners of a property to designate a specific individual as the beneficiary who will receive their respective share upon their death. This can be useful for joint tenants or tenants in common who wish to ensure the smooth transfer of their ownership interest. 4. Multiple Beneficiary TOD Deed: With this type of TOD Deed, the property owner can designate multiple individuals as beneficiaries, specifying the percentage of the property each beneficiary will receive upon their death. This option is ideal for property owners who want to distribute their assets among multiple beneficiaries or divide the property in a specific manner. 5. Revocable TOD Deed: This type of Riverside California TOD Deed allows the property owner to maintain the ability to revoke or modify the transfer of the property at any time during their lifetime. This flexibility can be beneficial for individuals who anticipate changes in their estate planning or wish to update their beneficiaries. Keywords: Riverside California Revocable Transfer on Death Deed, individual to individual, TOD Deed, basic TOD Deed, contingent TOD Deed, joint TOD Deed, multiple beneficiary TOD Deed, revocable TOD Deed, estate planning, property owner, beneficiary, probate, real property.Description of Riverside California Revocable Transfer on Death Deed — Individual to Individual: The Riverside California Revocable Transfer on Death Deed (TOD Deed) is a legal document that allows individuals to transfer their real property in Riverside County to another individual upon their death, without the need for probate. This type of deed is commonly used as an estate planning tool to simplify the transfer of assets and avoid the costs and delays associated with probate. With a Riverside California Revocable TOD Deed, the property owner retains full control and ownership of the property during their lifetime, but designates a specific individual as the beneficiary who will receive the property upon their death. The transfer occurs automatically without the need for court intervention, making it a convenient and efficient method for transferring real estate. Keywords: Riverside California Revocable Transfer on Death Deed, individual to individual, TOD Deed, estate planning, real property, Riverside County, probate, beneficiary, property owner, transfer of assets, court intervention. Types of Riverside California Revocable Transfer on Death Deed — Individual to Individual: 1. Basic TOD Deed: This is the standard form of the Riverside California Revocable TOD Deed, where the property owner designates a specific individual as the beneficiary to receive the property upon their death. 2. Contingent TOD Deed: In this type of TOD Deed, the property owner designates a primary beneficiary but also includes a contingent beneficiary, who will receive the property if the primary beneficiary predeceases the property owner. 3. Joint TOD Deed: This variant of the Riverside California Revocable TOD Deed allows co-owners of a property to designate a specific individual as the beneficiary who will receive their respective share upon their death. This can be useful for joint tenants or tenants in common who wish to ensure the smooth transfer of their ownership interest. 4. Multiple Beneficiary TOD Deed: With this type of TOD Deed, the property owner can designate multiple individuals as beneficiaries, specifying the percentage of the property each beneficiary will receive upon their death. This option is ideal for property owners who want to distribute their assets among multiple beneficiaries or divide the property in a specific manner. 5. Revocable TOD Deed: This type of Riverside California TOD Deed allows the property owner to maintain the ability to revoke or modify the transfer of the property at any time during their lifetime. This flexibility can be beneficial for individuals who anticipate changes in their estate planning or wish to update their beneficiaries. Keywords: Riverside California Revocable Transfer on Death Deed, individual to individual, TOD Deed, basic TOD Deed, contingent TOD Deed, joint TOD Deed, multiple beneficiary TOD Deed, revocable TOD Deed, estate planning, property owner, beneficiary, probate, real property.
