Check Spelling In Legal Alaska Real Estate Closings Forms For Free

If the property is held as tenants by the entirety or as Alaska Community Property with a right of survivorship, it passes automatically to the spouse who survives the person who died. There is no need to do anything to transfer the real property to the surviving spouse.

Alaska Transfer-on-Death Deed At your death, the real estate goes automatically to the person you named to inherit it, without the need for probate court proceedings. (Alaska Statutes sections 13.48. 010 to 13.48. 195.)

When property is co-owned with a right of survivorship, a deceased owner's interest automatically vests with the surviving owner upon the deceased owner's death. As noted, the Alaska legislature abolished joint tenancy except for co-ownership of personal property or co-ownerhsip of real estate by a married couple.

The transferring of Title to property from one ownership to another requires recording a Deed. A Warranty Deed may be done when an owner guarantees, through a title report, that he or she holds clear title to a property.

An Alaska deed of trust is a document that transfers a real estate title from a grantor (?trustor? or ?borrower?) to a third party (?trustee?) to retain as collateral for a loan issued by a lender (?beneficiary?).

In Alaska, tenancy by the entirety is allowed for real estate only. Community property with right of survivorship. In Alaska, spouses can agree in writing to hold property as community property with the right of survivorship. Property subject to the agreement automatically passes to the survivor when one spouse dies.