Transfer on Death Designation Affidavit from Individual to Two Individuals as tenants in common: This affidavit is used to transfer the title of a parcel of land, attaching any existing covenants, upon the death of the Affiant/Owner to the designated Beneficiary. It should be signed in front of a Notary Public. The form includes provision for an contingent beneficiary in the event one of the designated beneficiaries predecease the affiant/owner. If the designated beneficiaries and the designated alternative beneficiary predecease the Owner/Affiant, the deed is null and void. The designation of the beneficiaries in an affidavit of transfer on death may be revoked or changed at any time, without the consent of that designated transfer on death beneficiary, by the affiant/owner of the interest by executing in accordance with Chapter 5301. of the Ohio Revised Code and recording a transfer on death designation affidavit conveying the affiant's entire, separate interest in the real property to one or more persons, including the affiant, with or without the designation of another transfer on death beneficiary.
The Franklin Ohio Transfer on Death Designation Affidavit, also known as TOD, is a legal document that allows an individual to designate the transfer of their assets, property, or investments upon their death to two identified individuals. This affidavit ensures a smooth and efficient transfer of assets without the need for probate or court involvement. The TOD designations can also include a contingent beneficiary, providing a backup plan in case the primary beneficiaries are unable or unwilling to accept the transfer. The Franklin Ohio Transfer on Death Designation Affidavit offers several variations to suit different scenarios and preferences: 1. Franklin Ohio Transfer on Death Designation Affidavit — TOD from Individual to Two Individuals with Contingent Beneficiary: This version allows an individual to name two primary beneficiaries who will receive the assets upon their death. Additionally, a contingent beneficiary is named as an alternate recipient in case the primary beneficiaries are unable to accept the transfer. 2. Franklin Ohio Transfer on Death Designation Affidavit — Joint Tenancy with Rights of Survivorship (TOD-JTWROS) from Individual to Two Individuals with Contingent Beneficiary: This variant establishes joint ownership between the individual and the two named beneficiaries while specifying that the transfer will occur upon the individual's death. The joint tenants have equal ownership rights, and if one tenant dies, their share automatically passes on to the other tenants. A contingent beneficiary is also designated as a backup recipient. 3. Franklin Ohio Transfer on Death Designation Affidavit — TOD with Unequal Shares from Individual to Two Individuals with Contingent Beneficiary: This version allows the individual to specify different percentages or shares of the assets to be transferred to each of the two primary beneficiaries. A contingent beneficiary is still designated to ensure a smooth transfer if either or both of the primary beneficiaries are unable to accept the transfer. Regardless of the specific version used, it is crucial to ensure that the Franklin Ohio Transfer on Death Designation Affidavit follows all legal requirements and is properly executed and authorized. Seeking legal advice or consulting with an attorney experienced in estate planning is advisable to ensure the accuracy and validity of the document.The Franklin Ohio Transfer on Death Designation Affidavit, also known as TOD, is a legal document that allows an individual to designate the transfer of their assets, property, or investments upon their death to two identified individuals. This affidavit ensures a smooth and efficient transfer of assets without the need for probate or court involvement. The TOD designations can also include a contingent beneficiary, providing a backup plan in case the primary beneficiaries are unable or unwilling to accept the transfer. The Franklin Ohio Transfer on Death Designation Affidavit offers several variations to suit different scenarios and preferences: 1. Franklin Ohio Transfer on Death Designation Affidavit — TOD from Individual to Two Individuals with Contingent Beneficiary: This version allows an individual to name two primary beneficiaries who will receive the assets upon their death. Additionally, a contingent beneficiary is named as an alternate recipient in case the primary beneficiaries are unable to accept the transfer. 2. Franklin Ohio Transfer on Death Designation Affidavit — Joint Tenancy with Rights of Survivorship (TOD-JTWROS) from Individual to Two Individuals with Contingent Beneficiary: This variant establishes joint ownership between the individual and the two named beneficiaries while specifying that the transfer will occur upon the individual's death. The joint tenants have equal ownership rights, and if one tenant dies, their share automatically passes on to the other tenants. A contingent beneficiary is also designated as a backup recipient. 3. Franklin Ohio Transfer on Death Designation Affidavit — TOD with Unequal Shares from Individual to Two Individuals with Contingent Beneficiary: This version allows the individual to specify different percentages or shares of the assets to be transferred to each of the two primary beneficiaries. A contingent beneficiary is still designated to ensure a smooth transfer if either or both of the primary beneficiaries are unable to accept the transfer. Regardless of the specific version used, it is crucial to ensure that the Franklin Ohio Transfer on Death Designation Affidavit follows all legal requirements and is properly executed and authorized. Seeking legal advice or consulting with an attorney experienced in estate planning is advisable to ensure the accuracy and validity of the document.
