The Oregon Transfer-on-Death Deed form allows property owners to transfer their real estate to a designated beneficiary upon their death, bypassing the probate process. This form provides a straightforward way to ensure that your property is passed on according to your wishes. Understanding how to properly utilize this deed can simplify estate planning and provide peace of mind for property owners.
The Oregon Transfer-on-Death Deed (TOD) form offers a straightforward method for property owners to transfer their real estate to designated beneficiaries upon their death, avoiding the often lengthy and costly probate process. This legal instrument allows individuals to retain full control over their property during their lifetime, with the transfer becoming effective automatically upon their passing. It is essential to understand that the TOD deed must be executed and recorded properly to ensure its validity. The form requires the property owner's signature and must be witnessed by two individuals or notarized. Additionally, property owners can designate multiple beneficiaries, providing flexibility in estate planning. Importantly, the TOD deed does not affect the owner’s ability to sell or mortgage the property while they are alive. This form serves as a powerful tool for individuals seeking to simplify the transfer of their property and ensure their loved ones are taken care of after they are gone.
Oregon Transfer-on-Death (TOD) Deed
This Transfer-on-Death Deed ("Deed") is made pursuant to the Oregon Revised Statutes §93.948 - §93.979, allowing property owners to pass their real property directly to a beneficiary upon the owner's death without the need for probate.
Date of Execution: ___________________________
Grantor(s) Information:
Legal Description of Property:
_____________________________________________________________
Primary Beneficiary/Beneficiaries:
Secondary Beneficiary/Beneficiaries (if any):
This TOD Deed must be duly signed and acknowledged by the Grantor in front of a notary public and recorded with the county recorder's office in the county where the property is located before the Grantor's death to be effective.
Grantor's Signature: ___________________________
Date: _________________________________________
State of Oregon
County of _________________________
Subscribed and acknowledged before me on this _____ day of _______________, 20____, by ________________________________________, known to me (or satisfactorily proven) to be the person whose name is subscribed to the within instrument and acknowledged that he/she/they executed the same for the purposes therein contained.
In witness whereof, I hereunto set my hand and official seal.
Notary Public: _______________________________
My Commission Expires: ________________________
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