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Washington transfer on death deed form

Transfer on death deed washington state 2025

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The document is a Transfer on Death Deed form for the State of Washington, allowing an individual to transfer real property to a beneficiary upon their death. It includes instructions for completing the form, a disclaimer regarding its legal use, and sections for recording the deed and notarization. The form emphasizes that it must be recorded before the owner's death and provides options for handling situations where the beneficiary predeceases the owner.

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Click ‘Get Form’ to open the transfer on death deed in our editor.
Begin by entering the name of the Owner/Grantor in the designated field. This is the individual conveying the property.
Next, input the name of the Grantee/Beneficiary who will receive the property upon the Owner's death.
Fill in the legal description of the property as specified in Exhibit A. Ensure accuracy to avoid future disputes.
Indicate what happens if the Grantee predeceases the Owner by selecting one of the options provided.
Complete any prior instrument reference details, including recording date and document number.
Sign and date the form where indicated, ensuring it is witnessed and notarized as required by Washington state law.

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What are the disadvantages of a transfer on death deed?

As of January 1, 2024, Washington counties will charge $303.50, plus $1 for each additional page to record a transfer on death deed, and will charge $18, plus $1 for each additional page to record the death certificate. These fees are subject to change.

Which is better, tod or beneficiary after death?

The key advantage of TOD is the avoidance of probate, which can be time-consuming and costly. Beneficiary Designations: These are typically used for life insurance policies, retirement accounts (like IRAs and 401(k)s), and annuities.

What are the drawbacks of transfer on death?

TOD Deeds Open the Door to Unintended Consequences Without careful coordination, TOD deeds can also disinherit heirs you intended to provide for, result in unnecessary taxes, complicate matters for a surviving spouse, or cause other negative ripple effects. Once recorded, the deed is very difficult to undo.

Should I name a beneficiary on my house?

Yes, a beneficiary deed avoids probate. This is actually one of the key reasons for which beneficiary deeds are so popular. Because your interest in the property passes automatically to your beneficiary upon your passing, the property technically isnt included as a part of your estate.

Do I need a lawyer to file a transfer on death deed?

The main benefit that most online sites assert is that a TOD deed will allow you to avoid probate and thus it is more time- and cost-effective. While it is true that a TOD deed will allow you to avoid probate, it is often a lengthier and more expensive process than probate. Let me explain. Under RCW 11.18.

washington state transfer on death deed pdf

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How much does it cost to transfer on a death deed in Washington State?

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.