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In the state of Georgia, planning for the future often includes considering how your assets will be transferred upon your passing. One valuable tool at your disposal is the Transfer-on-Death Deed (TODD). This unique legal document allows property owners to designate a beneficiary who will automatically receive the property without going through the lengthy and often complicated probate process. By utilizing a TODD, individuals can ensure that their loved ones inherit real estate seamlessly, providing peace of mind during a difficult time. The form itself requires clear identification of the property and the beneficiary, and it must be properly executed and recorded to be effective. Understanding the nuances of this deed can empower property owners to make informed decisions about their estate planning. With the right knowledge, you can take control of your legacy and ensure that your wishes are honored after you’re gone.
Georgia Transfer-on-Death Deed Example
Georgia Transfer-on-Death (TOD) Deed Template
This Transfer-on-Death Deed (the "Deed") is executed in accordance with the Georgia Transfer-on-Death Act, allowing property owners to transfer their interest in the property to a beneficiary upon the owner's death without the property having to go through probate.
Please fill in the blanks with the appropriate information to establish a valid Transfer-on-Death Deed under Georgia law.
Date: __________
Grantor Information
Full Name: __________
Mailing Address: __________
City, State, Zip: __________
Phone Number: __________
Email Address: __________
Property Information
Legal Description: __________
Property Address: __________
City, State, Zip: __________
Beneficiary Information
Full Name: __________
Mailing Address: __________
City, State, Zip: __________
Phone Number: __________
Email Address: __________
This deed only takes effect upon the death of the Grantor. Until then, the Grantor retains full control and ownership of the property, including the rights to sell or mortgage the property, or revoke this Deed.
Revocation of Transfer-on-Death Deed
To revoke this Deed, a written Revocation must be executed by the Grantor and recorded in the same county where the property is located before the Grantor's death.
Signature
This document must be signed by the Grantor in the presence of a notary public.
Grantor's Signature: __________
Date: __________
State of Georgia
County of _________
This document was acknowledged before me on (date) __________ by (name of Grantor) __________.
Notary Public Signature: __________
My commission expires: __________
Witnesses
Under Georgia law, this deed must be signed in the presence of two disinterested witnesses. Their signatures affirm that they witnessed the Grantor's signing or acknowledgment of this document.
Witness 1 Signature: __________
Date: __________
Witness 2 Signature: __________
Date: __________
Document Information
| Fact Name | Description |
|---|---|
| Definition | A Transfer-on-Death (TOD) Deed allows property owners in Georgia to transfer real estate to beneficiaries upon their death without going through probate. |
| Governing Law | The TOD Deed is governed by Georgia Code § 44-6-90 through § 44-6-94. |
| Revocation | Property owners can revoke or change the TOD Deed at any time before their death, ensuring flexibility in estate planning. |
| Beneficiary Rights | Beneficiaries do not have any rights to the property until the owner's death, which protects the owner's control over the property during their lifetime. |
Fill out Other Common Templates for Georgia
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