Wake North Carolina Beneficiary Deed

State:
Multi-State
County:
Wake
Control #:
US-03279BG
Format:
Word; 
Rich Text
Instant download

Description

A beneficiary deed is a another type of real property deed used to transfer property. By signing and recording a beneficiary deed, an owner of an interest in real property may cause the owner's interest in the real property to be conveyed to people or entities upon the owner's death. The interest in real property conveyed by a beneficiary deed does not take effect until the death of the owner, at which time that interest transfers automatically by law to the designated grantee named in the beneficiary deed.


This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.

How to fill out Beneficiary Deed?

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FAQ

A transfer on death deed can be a useful addition to your estate plan, but it may not address other concerns, like minimizing estate tax or creditor protection, for which you need a trust. In addition to a will or trust, you can also transfer property by making someone else a joint owner, or using a life estate deed.

Unlike South Carolina and many other states, real property in North Carolina does not typically pass through probate. When a decedent dies intestate (without a Will), title to the decedent's non-survivorship real property is vested in his or heir heirs as of the time of death G.S. 28A-15-2(b).

File an affidavit of survivorship with the recorder's office to remove the deceased person's name from the title.

A survivorship affidavit (sometimes called an affidavit of death or affidavit of continuous marriage) is a legal document used to remove a deceased owner from title to property by recording evidence of the deceased owner's death in the land records.

You need to create a trust document (it's similar to a will), naming someone to take over as trustee after your death (called a successor trustee). Thenand this is crucialyou must transfer ownership of your property to yourself as the trustee of the trust.

If the surviving spouse wishes to remove the deceased spouse's name from the property so that the property is listed under the sole name of the surviving owner, an official death certificate must be sent to the Land Registry.

A North Carolina Transfer on Death Deed is a legally binding document that certifies the property owner's intention to transfer the items indicated in writing to their beneficiary upon the death of the grantor.

With regard to transfer or real property by beneficiary designation, as of the date of this writing, North Carolina (unlike some other states) does not allow real property to transfer through a beneficiary designation - transfer on death deeds.

North Carolina does not allow real estate to be transferred with transfer-on-death deeds.

With regard to transfer or real property by beneficiary designation, as of the date of this writing, North Carolina (unlike some other states) does not allow real property to transfer through a beneficiary designation - transfer on death deeds.

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Wake North Carolina Beneficiary Deed