This form is a Transfer on Death Deed where the Grantors are two Individuals and the Grantee Beneficiary is an Individual. This transfer is revocable by Grantors until his/her/their death(s) and effective only upon the death of the Grantors. To be effective, the deed must be recorded prior to the death of Grantors. This deed complies with all state statutory laws.
The Green Bay Wisconsin Transfer on Death Deed (TOD) or Beneficiary Deed is a legal document that allows individuals to pass on their real estate property to a designated beneficiary upon their death, without the need for probate. This type of deed can be particularly beneficial for individuals looking to plan for the transfer of their property while avoiding the lengthy and expensive probate process. There are indeed different types of Green Bay Wisconsin Transfer on Death Deed or TOD — Beneficiary Deed from Two Individuals to an Individual, depending on the specific circumstances and preferences of the individuals involved. These variations include: 1. Joint Tenancy with Right of Survivorship: This type of TOD deed is commonly used by married couples or partners who jointly own a property. In the event of one person's death, the property automatically transfers to the surviving owner. 2. Tenants in Common with a Designated Beneficiary: In this variation, two individuals own a property as tenants in common and designate a specific beneficiary to inherit their respective share upon their death. This allows for separate ownership interests and the ability to choose different beneficiaries. 3. Revocable TOD Deed: With a revocable TOD deed, the property owners have the ability to change or revoke the designated beneficiary during their lifetime. This provides flexibility in estate planning as circumstances may change. 4. Irrevocable TOD Deed: Unlike the revocable TOD deed, an irrevocable TOD deed cannot be changed or revoked once it is executed. This type of deed ensures the property will transfer to the designated beneficiary upon the owner's death, regardless of any subsequent changes in circumstances. 5. Surviving Spouse's Transfer on Death Deed: This particular TOD deed is designed specifically for spouses. It allows the surviving spouse to transfer the property to a designated beneficiary upon their death, ensuring a smooth and streamlined transfer of assets. Overall, the Green Bay Wisconsin Transfer on Death Deed or TOD — Beneficiary Deed from Two Individuals to an Individual provides an efficient and cost-effective solution for individuals looking to transfer real estate property without the need for probate. It is important to consult with a legal professional experienced in estate planning to determine the most appropriate type of deed based on individual circumstances and objectives.The Green Bay Wisconsin Transfer on Death Deed (TOD) or Beneficiary Deed is a legal document that allows individuals to pass on their real estate property to a designated beneficiary upon their death, without the need for probate. This type of deed can be particularly beneficial for individuals looking to plan for the transfer of their property while avoiding the lengthy and expensive probate process. There are indeed different types of Green Bay Wisconsin Transfer on Death Deed or TOD — Beneficiary Deed from Two Individuals to an Individual, depending on the specific circumstances and preferences of the individuals involved. These variations include: 1. Joint Tenancy with Right of Survivorship: This type of TOD deed is commonly used by married couples or partners who jointly own a property. In the event of one person's death, the property automatically transfers to the surviving owner. 2. Tenants in Common with a Designated Beneficiary: In this variation, two individuals own a property as tenants in common and designate a specific beneficiary to inherit their respective share upon their death. This allows for separate ownership interests and the ability to choose different beneficiaries. 3. Revocable TOD Deed: With a revocable TOD deed, the property owners have the ability to change or revoke the designated beneficiary during their lifetime. This provides flexibility in estate planning as circumstances may change. 4. Irrevocable TOD Deed: Unlike the revocable TOD deed, an irrevocable TOD deed cannot be changed or revoked once it is executed. This type of deed ensures the property will transfer to the designated beneficiary upon the owner's death, regardless of any subsequent changes in circumstances. 5. Surviving Spouse's Transfer on Death Deed: This particular TOD deed is designed specifically for spouses. It allows the surviving spouse to transfer the property to a designated beneficiary upon their death, ensuring a smooth and streamlined transfer of assets. Overall, the Green Bay Wisconsin Transfer on Death Deed or TOD — Beneficiary Deed from Two Individuals to an Individual provides an efficient and cost-effective solution for individuals looking to transfer real estate property without the need for probate. It is important to consult with a legal professional experienced in estate planning to determine the most appropriate type of deed based on individual circumstances and objectives.
