A South Dakota Transfer-on-Death Deed is a legal document that allows property owners to transfer their real estate to designated beneficiaries upon their death, bypassing the probate process. This form provides a straightforward way to ensure that your property is passed on according to your wishes. To get started on securing your estate, consider filling out the form by clicking the button below.
In South Dakota, individuals seeking to simplify the transfer of their property upon death may find the Transfer-on-Death Deed (TODD) to be a valuable tool. This legal instrument allows property owners to designate one or more beneficiaries who will automatically receive the property without the need for probate proceedings. By executing a TODD, the property owner retains full control of the property during their lifetime, meaning they can sell, mortgage, or otherwise manage the property as they see fit. The deed only takes effect upon the owner’s death, ensuring a seamless transition of ownership. Importantly, this form must be properly completed and recorded with the county register of deeds to be valid. Additionally, it is essential for property owners to understand the implications of naming multiple beneficiaries, as well as the potential tax consequences that may arise. With the right knowledge and careful planning, the Transfer-on-Death Deed can serve as an effective means of estate planning, providing peace of mind for both the owner and their loved ones.
South Dakota Transfer-on-Death (TOD) Deed Template
This document is a Transfer-on-Death Deed template, allowing property owners in South Dakota to transfer their property to a beneficiary upon the owner's death without the property having to go through probate. This form must be prepared and recorded in accordance with the South Dakota Transfer on Death Deed Act.
Please fill in the blanks with the appropriate information to complete this deed.
Preparer’s Information:
Property Owner’s Information (Grantor):
Designated Beneficiary(ies):
Legal Description of Property:
_________________________________________________________________________
This Transfer on Death Deed is executed this ____ day of _______________, 20___, by the undersigned (Grantor) regarding the property described herein.
I/We, the undersigned, as the owner(s) of the property described above, hereby transfer upon my/our death to the designated beneficiary(ies) named above, all of my/our interest in the described property.
This Transfer on Death Deed is revocable. It does not become effective until the death of the last surviving owner and does not affect any ownership rights until that time. The property described above shall pass to the beneficiary(ies) without the necessity of probate proceedings.
The undersigned owner(s) reserve the right to dispose of the property, in whole or in part, and to revoke this instrument, without the consent of the beneficiary(ies).
The conveyance to the designated beneficiary(ies) is to be effective upon the death of the last surviving owner, and the beneficiary(ies) shall have no present right or interest in the described property until such event occurs.
Signed this _____ day of ___________, 20___.
______________________________________
Signature of Property Owner
State of South Dakota)
County of _______________)
On this _____ day of ___________, 20___, before me, a Notary Public in and for said State, personally appeared ________________________________, known to me (or satisfactorily proven) to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged that he/she/they executed the same for the purposes therein contained.
In Witness Whereof, I hereunto set my hand and official seal.
(Notary Signature)
My commission expires: ___________
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