Transfer on Death Deed
Transfer on Death Deed
[Your Name], hereinafter referred to as the "Grantor", being of sound mind and legal capacity, hereby executes this Transfer On Death Deed (TOD Deed) on this [Date] day of [Month, Year].
I. Identification of the Grantor
The Grantor is identified as [Your Name], residing at [Your Address], with a Social Security Number of [SSN], and being the lawful owner of the real property described herein.
II. Description of the Real Property
The real property subject to this Transfer On Death Deed is legally described as follows:
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[Legal Description of the Property]
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Commonly known as [Property Address], the property includes all improvements, structures, and fixtures located on the premises.
III. Designation of Beneficiaries
Upon the Grantor's death, the real property described above shall transfer to the following designated beneficiaries:
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[Name of Beneficiary 1] Address: [Beneficiary 1 Address] Relationship to Grantor: [Relationship]
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[Name of Beneficiary 2] Address: [Beneficiary 2 Address] Relationship to Grantor: [Relationship]
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[Additional beneficiaries can be listed if applicable]
IV. Retention of Rights by Grantor
The Grantor reserves the right to sell, transfer, mortgage, lease, or otherwise encumber the property during their lifetime without the consent of the beneficiaries. This Transfer On Death Deed shall only become effective upon the Grantor's death.
V. Revocation and Amendment
The Grantor reserves the right to revoke or amend this Transfer On Death Deed at any time, provided that such revocation or amendment is executed in writing and recorded in the county where the real property is located.
VI. Governing Law
This Transfer On Death Deed shall be governed by the laws of the state of [State], without regard to conflicts of law principles.
VII. Acceptance by Beneficiaries
Each beneficiary named herein accepts their designation as a beneficiary of the property subject to this Transfer On Death Deed.
IN WITNESS WHEREOF, the Grantor has executed this Transfer On Death Deed on the date first above written.
[Your Name]
Date:
On this [Date] day of [Month, Year], before me, a Notary Public in and for said county and state, personally appeared [Your Name], known to me to be the person whose name is subscribed to the foregoing instrument, and acknowledged that they executed the same for the purposes therein contained.
[Notary Public]
Date:
My commission expires:
