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This form allows an owner to transfer property to a designated beneficiary upon the owner\'s death, effective only if recorded before death. It includes sections for identifying information, primary and alternate beneficiaries, and provides instructions on its use, revocation, and recording.
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A revocable transfer-on-death deed is a legal document that allows a property owner to designate a beneficiary who will receive the property upon the owner's death without the need for probate.
The property owner, also known as the transferor, is required to file the revocable transfer-on-death deed with the appropriate local government office, typically the county recorder or assessor's office, where the property is located.
To fill out a revocable transfer-on-death deed, the property owner must include their name, the legal description of the property, the name of the designated beneficiary, and a statement indicating that it is a transfer-on-death deed. It may also require notarization.
The purpose of a revocable transfer-on-death deed is to simplify the transfer of property upon the owner's death, allowing the designated beneficiary to receive the property directly without going through probate proceedings.
The revocable transfer-on-death deed must report the property owner's name, the beneficiary's name, the legal description of the property, and often the date of execution and signature of the property owner.
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