Transfer on Death Quitclaim Deed from Individual to Individual with Alternate Beneficiary - Washington: Fill out & sign online

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What are the disadvantages of a transfer on death deed?

If youre thinking about ways to keep your home out of probate, and TOD deeds are an available option in your state, they are well worth considering. Unless you have a complex situation or have specific concerns, you likely wont need a lawyer to create a TOD deed.

Does Washington state recognize a transfer on death deed?

An individual may transfer property to one or more beneficiaries effective at the transferors death by a transfer on death deed. A transfer on death deed may not be used to effect a deed in lieu of foreclosure of a deed of trust.

What are the disadvantages of a tod deed?

In order to clear the title to the property after your death, your named beneficiaries must record your death certificate in the county real estate records and file a real estate excise tax affidavit with the county assessor to ensure the ownership and contact information are updated for real property taxation.

Are transfers on death deeds legal in Washington State?

A Transfer on Death Deed (TODD) allows a property owner sign a legal document that will transfer property located in Washington State to another person as an inheritance after the property owner dies.

How to transfer property title in Washington State after death?

That quitclaim deed would essentially transfer all of your mothers interest and ownership in the home to you and your sister. A transfer on death deed (which is known by different names around the country) is an instrument that does not transfer any interest today in a home to those individuals designated in the deed.