Free Transfer-on-Death Deed Form for Texas
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Preview - Texas Transfer-on-Death Deed Form
Texas Transfer-on-Death Deed Template
This document serves as a template for a Transfer-on-Death Deed pursuant to Texas Estates Code, Section 114.001 et seq. This deed allows an individual to transfer real property to a designated beneficiary upon the owner's death, without the property going through probate.
Please fill in the placeholders below to complete the deed.
Grantor Information:
- Name: ___________________________
- City, State, Zip Code: ____________
Beneficiary Information:
- Name: ___________________________
- Address: _________________________
- City, State, Zip Code: ____________
Property Description:
Legal Description of the Property: _______________________________________________
For the purpose of this deed, I, the Grantor, transfer my interest in the aforementioned property to the Beneficiary named above, to take effect upon my death.
This intention is clear: the property shall not be subject to claims of my creditors or included in my estate in any form.
Signatures:
In witness whereof, I have executed this Transfer-on-Death Deed on this _____ day of ___________, 20__.
___________________________________ Grantor Signature
___________________________________ Witness Signature
___________________________________ Witness Signature
Acknowledgment:
State of Texas, County of ______________
Before me, the undersigned authority, on this _____ day of ___________, 20__, personally appeared ________________________, known to me to be the person whose name is subscribed to the foregoing instrument, and acknowledged to me that he/she executed the same for the purposes and consideration therein expressed.
Given under my hand and seal of office.
__________________________________ Notary Public, State of Texas
My Commission Expires: ______________
Create Other Common Transfer-on-Death Deed Forms for Different States
Transfer on Death Affidavit - The Transfer-on-Death Deed is a straightforward way to bypass the lengthy and often costly probate process.
Transfer on Death Instrument - In some cases, the Transfer-on-Death Deed may have tax implications that should be considered with an advisor.
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Transfer on Death Deed Nc - Beneficiaries will assume ownership without needing to prove entitlement in court.
Similar forms
- Will: A will outlines how a person's assets should be distributed after their death. Like a Transfer-on-Death Deed, it allows for the transfer of property but typically requires probate, while the deed bypasses this process.
- Living Trust: A living trust holds assets during a person's lifetime and specifies their distribution after death. Both documents help avoid probate, but a living trust is more comprehensive and can manage assets during life.
- Beneficiary Designation: This document is often used for financial accounts and life insurance policies. Similar to the Transfer-on-Death Deed, it allows assets to pass directly to a named beneficiary without going through probate.
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- Joint Tenancy: Property held in joint tenancy automatically transfers to the surviving owner upon death. This is similar to the Transfer-on-Death Deed in that it provides a direct transfer of ownership, avoiding probate.
- Payable-on-Death (POD) Accounts: These accounts allow funds to be transferred to a designated beneficiary upon the account holder's death. Like the Transfer-on-Death Deed, it ensures a smooth transfer without probate.
- Transfer-on-Death Registration for Securities: This allows for the direct transfer of stocks or bonds to a beneficiary after death. It functions similarly to the Transfer-on-Death Deed by avoiding the probate process.
- Community Property with Right of Survivorship: In some states, this form of ownership allows for automatic transfer of property to the surviving spouse. It shares similarities with the Transfer-on-Death Deed in terms of direct property transfer.
- Life Estate Deed: This deed allows a person to retain the right to use a property during their lifetime, with the property passing to another party upon their death. It is similar in that it dictates future ownership without probate.