This form is a Transfer on Death Deed where the Grantor is an individual and the Grantees are three individuals. This transfer is revocable by Grantor until his or her death and effective only upon the death of the Grantor. This deed complies with all state statutory laws.
Everett Washington Transfer on Death Deed — Individual to Three Individual— - Does NOT include Alternate Beneficiaries The Everett Washington Transfer on Death Deed (TOD Deed) is a legal document that allows an individual to transfer their property to three named individuals upon their death, without the need for probate. This specific type of TOD Deed does not include the provision for alternate beneficiaries. Key Features: 1. Direct Transfer: The TOD Deed enables the property owner to pass on the property directly to their chosen beneficiaries, bypassing the probate process. This saves time, court fees, and potential disputes that may arise during probate. 2. Individual to Three Individuals: With this TOD Deed, the property owner can name up to three individuals as beneficiaries. These beneficiaries will each receive an equal share of the property upon the owner's death. 3. No Alternate Beneficiaries: Unlike other TOD Deed variations, this particular type does not allow for alternate beneficiaries. This means that if any of the named beneficiaries predecease the property owner or disclaim their interest, the share will not pass to any alternate individuals or entities. 4. Flexibility: The Everett Washington TOD Deed provides flexibility to the property owner during their lifetime. They can sell, mortgage, or make any changes to the property without obtaining consent from the named beneficiaries. The deed only goes into effect upon the owner's death. 5. Revocable: The TOD Deed is revocable during the owner's lifetime. They have the freedom to change the beneficiaries or revoke the deed altogether by executing a new deed or recording a revocation document. 6. Property Types: This TOD Deed applies to all types of real property, including residential houses, vacant land, condominiums, or commercial buildings, located within Everett, Washington. It is important to note that the process of creating a TOD Deed requires compliance with specific legal procedures and documentation. It is advisable to consult with an experienced real estate attorney to ensure the correct execution and recording of the transfer. Other variations of the Everett Washington TOD Deed include: 1. Everett Washington Transfer on Death Deed — Individual to SinglIndividualua— - Does NOT include Alternate Beneficiaries. 2. Everett Washington Transfer on Death Deed — Individual to Two Individual— - Does NOT include Alternate Beneficiaries. Each type caters to different scenarios and preferences of the property owner when it comes to distributing their property to their chosen beneficiaries.Everett Washington Transfer on Death Deed — Individual to Three Individual— - Does NOT include Alternate Beneficiaries The Everett Washington Transfer on Death Deed (TOD Deed) is a legal document that allows an individual to transfer their property to three named individuals upon their death, without the need for probate. This specific type of TOD Deed does not include the provision for alternate beneficiaries. Key Features: 1. Direct Transfer: The TOD Deed enables the property owner to pass on the property directly to their chosen beneficiaries, bypassing the probate process. This saves time, court fees, and potential disputes that may arise during probate. 2. Individual to Three Individuals: With this TOD Deed, the property owner can name up to three individuals as beneficiaries. These beneficiaries will each receive an equal share of the property upon the owner's death. 3. No Alternate Beneficiaries: Unlike other TOD Deed variations, this particular type does not allow for alternate beneficiaries. This means that if any of the named beneficiaries predecease the property owner or disclaim their interest, the share will not pass to any alternate individuals or entities. 4. Flexibility: The Everett Washington TOD Deed provides flexibility to the property owner during their lifetime. They can sell, mortgage, or make any changes to the property without obtaining consent from the named beneficiaries. The deed only goes into effect upon the owner's death. 5. Revocable: The TOD Deed is revocable during the owner's lifetime. They have the freedom to change the beneficiaries or revoke the deed altogether by executing a new deed or recording a revocation document. 6. Property Types: This TOD Deed applies to all types of real property, including residential houses, vacant land, condominiums, or commercial buildings, located within Everett, Washington. It is important to note that the process of creating a TOD Deed requires compliance with specific legal procedures and documentation. It is advisable to consult with an experienced real estate attorney to ensure the correct execution and recording of the transfer. Other variations of the Everett Washington TOD Deed include: 1. Everett Washington Transfer on Death Deed — Individual to SinglIndividualua— - Does NOT include Alternate Beneficiaries. 2. Everett Washington Transfer on Death Deed — Individual to Two Individual— - Does NOT include Alternate Beneficiaries. Each type caters to different scenarios and preferences of the property owner when it comes to distributing their property to their chosen beneficiaries.
