This form is a Transfer on Death Deed where the Grantor is an Individual and the Grantees are ten Individuals. The Grantees take the property as tenants in common. This transfer is revocable by Grantor until his/her death and effective only upon the death of Grantor. This deed complies with all state statutory laws.
Green Bay Wisconsin Transfer on Death Deed, also known as TOD — Beneficiary Deed, is a legal instrument that allows an individual to pass on their real estate property to ten beneficiaries upon their death, without the need for probate. This type of deed ensures a smooth and efficient transfer of property ownership, while avoiding the lengthy and costly probate process. There are different variations of Green Bay Wisconsin Transfer on Death Deeds or TOD — Beneficiary Deeds that individuals can choose from, depending on their specific needs and preferences: 1. Traditional TOD — Beneficiary Deed: This type of deed allows an individual to name ten beneficiaries who will inherit their real estate property upon their death. The beneficiaries have no legal or financial rights to the property until the individual passes away. 2. Conditional TOD — Beneficiary Deed: In this variation, the transfer of property ownership is contingent on certain conditions being met. For example, the beneficiary may need to reach a certain age or fulfill specific requirements before gaining ownership. 3. Contingent TOD — Beneficiary Deed: With this type of deed, the transfer of property ownership is dependent on the occurrence of a specific event. For instance, the individual may specify that the property is to be transferred to the beneficiaries only if none of them has passed away by a certain date. 4. Revocable TOD — Beneficiary Deed: This variation allows the individual to revoke or change the named beneficiaries at any time during their lifetime. It offers flexibility and control over the distribution of the property and can be adjusted according to changing circumstances. 5. Irrevocable TOD — Beneficiary Deed: In contrast to the revocable deed, this type cannot be changed or revoked once it is executed. It provides a more secure and permanent transfer of property ownership. 6. Joint TOD — Beneficiary Deed: This deed option allows multiple individuals to name ten beneficiaries together. It is commonly used by spouses or partners who wish to pass on their real estate property to the same group of beneficiaries. By utilizing the Green Bay Wisconsin Transfer on Death Deed or TOD — Beneficiary Deed, individuals can ensure the efficient and hassle-free transfer of their real estate property to ten beneficiaries, providing financial security and peace of mind for their loved ones.Green Bay Wisconsin Transfer on Death Deed, also known as TOD — Beneficiary Deed, is a legal instrument that allows an individual to pass on their real estate property to ten beneficiaries upon their death, without the need for probate. This type of deed ensures a smooth and efficient transfer of property ownership, while avoiding the lengthy and costly probate process. There are different variations of Green Bay Wisconsin Transfer on Death Deeds or TOD — Beneficiary Deeds that individuals can choose from, depending on their specific needs and preferences: 1. Traditional TOD — Beneficiary Deed: This type of deed allows an individual to name ten beneficiaries who will inherit their real estate property upon their death. The beneficiaries have no legal or financial rights to the property until the individual passes away. 2. Conditional TOD — Beneficiary Deed: In this variation, the transfer of property ownership is contingent on certain conditions being met. For example, the beneficiary may need to reach a certain age or fulfill specific requirements before gaining ownership. 3. Contingent TOD — Beneficiary Deed: With this type of deed, the transfer of property ownership is dependent on the occurrence of a specific event. For instance, the individual may specify that the property is to be transferred to the beneficiaries only if none of them has passed away by a certain date. 4. Revocable TOD — Beneficiary Deed: This variation allows the individual to revoke or change the named beneficiaries at any time during their lifetime. It offers flexibility and control over the distribution of the property and can be adjusted according to changing circumstances. 5. Irrevocable TOD — Beneficiary Deed: In contrast to the revocable deed, this type cannot be changed or revoked once it is executed. It provides a more secure and permanent transfer of property ownership. 6. Joint TOD — Beneficiary Deed: This deed option allows multiple individuals to name ten beneficiaries together. It is commonly used by spouses or partners who wish to pass on their real estate property to the same group of beneficiaries. By utilizing the Green Bay Wisconsin Transfer on Death Deed or TOD — Beneficiary Deed, individuals can ensure the efficient and hassle-free transfer of their real estate property to ten beneficiaries, providing financial security and peace of mind for their loved ones.
