Transfer on Death Designation Affidavit from Individual to Two Individuals as tenants in common: This affidavit is used to transfer the title of a parcel of land, attaching any existing covenants, upon the death of the Affiant/Owner to the designated Beneficiary. It should be signed in front of a Notary Public. The form does NOT include provision for an contingent beneficiary in the event one of the designated beneficiaries predecease the affiant/owner. If the designated beneficiaries predecease the Owner/Affiant, the deed is null and void. The designation of the beneficiaries in an affidavit of transfer on death may be revoked or changed at any time, without the consent of that designated transfer on death beneficiary, by the affiant/owner of the interest by executing in accordance with Chapter 5301. of the Ohio Revised Code and recording a transfer on death designation affidavit conveying the affiant's entire, separate interest in the real property to one or more persons, including the affiant, with or without the designation of another transfer on death beneficiary.
The Akron Ohio Transfer on Death Designation Affidavit — TOD from Individual to Two Individuals without Contingent Beneficiary is a legal document that allows an individual to designate specific individuals as beneficiaries of their assets upon their death. This affidavit ensures a smooth and efficient transfer of assets without the need for probate. In Akron, Ohio, there are a few variants of the Transfer on Death Designation Affidavit that cater to different circumstances. These variations include: 1. Akron Ohio Transfer on Death Designation Affidavit — TOD from Individual to Two Individuals without Contingent Beneficiary: This type of affidavit enables an individual to name two individuals as primary beneficiaries, clearly stating their intentions to transfer assets to these beneficiaries upon their death. With this affidavit, the transfer of assets is direct and does not require a contingent beneficiary. 2. Akron Ohio Transfer on Death Designation Affidavit — TOD from Individual to Two Individuals with Contingent Beneficiary: This affidavit is similar to the first type; however, it includes provisions for a contingent beneficiary, who will receive the assets if the primary beneficiaries cannot or do not inherit the assets for any reason. 3. Akron Ohio Transfer on Death Designation Affidavit — TOD from Individual to Two Individuals without Contingent Beneficiary and Specific Distribution Percentages: This variant allows the individual to specify the distribution percentages for each beneficiary, ensuring a fair and accurate allocation of assets between the two individuals. Regardless of the specific type, all Akron Ohio Transfer on Death Designation Affidavits provide a legal way to designate beneficiaries and avoid the time-consuming and costly probate process. They are an efficient way to ensure that assets are transferred smoothly to the intended individuals without any complications.
