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How to use or fill out Revocable Transfer on Death Deed from Individual to Individual - Virginia

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Click ‘Get Form’ to open it in the editor.
Begin by entering the date of the deed at the top of the form. Ensure that you capitalize or underline the LAST NAME of both the grantor and grantee as required.
Fill in the complete business address of the grantee in the designated field on the left margin.
Complete the tax map reference and consideration amounts in their respective fields on the first page.
Designate your primary beneficiary by entering their name in the appropriate section, ensuring they are noted as surviving you.
If applicable, specify an alternate beneficiary by filling in their details, or enter 'None' if not needed.
Attach a legal description of the property as Exhibit A, ensuring it is incorporated by reference.
Sign and date where indicated, and ensure a notary public acknowledges your signature for validity.

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Can you do a transfer on death deed in Virginia?

This is also called a transfer-on-death deed, and may be completed without an attorney, if desired. Naming a transfer-on-death beneficiary allows you to choose someone to inherit your home, may offer tax benefits, and bypasses probate.

Is tod available in Virginia?

Benefits of a Virginia Transfer on Death Deed Retains Control: With a TOD deed, you retain full control and ownership of your property during your lifetime. You can sell, mortgage, or otherwise encumber the property as you see fit. Revocable: You can revoke or modify your TOD deed at any time during your lifetime.

How do I do a transfer on death deed in Virginia?

Basic requirements are to have a deed properly recorded before death, the real estate owned by the decedent at the time of his death, and the TOD deed not revoked by another recorded deed. Consult a real estate attorney to have a TOD deed prepared or to discuss if this is an appropriate course of action.

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