Difference between revisions of "Transfer on Death Deeds in Missouri"
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==Overview== | ==Overview== | ||
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| + | Transfer on Death Deeds or "TOD Deeds" have been available in Missouri by statute since 1989. They are sometimes titled as "Beneficiary Deeds". A TOD Deed, even after recorded, is of no effect until the grantor is deceased. It can therefore be rescinded at any time. It should be noted that these are not the same as Ladybird Deeds in which the transfer is made but the grantor reserves rights to dispose of the property during their lifetime. | ||
===Sources=== | ===Sources=== | ||
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| + | * [https://law.justia.com/codes/missouri/2011/titlexxxi/chapter461/section461025/ MO Rev Stat § 461.025]. | ||
===Compliance=== | ===Compliance=== | ||
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| + | Because a Transfer on Death Deed does not create any present insurable interest in real estate, it is likely that the drafting of such a deed by a title insurance agent would be considered in the unauthorized practice of law. | ||
===Forms=== | ===Forms=== | ||
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===Recording=== | ===Recording=== | ||
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| + | * Transfer on Death Deeds are recorded at the Recorder of Deeds office for the county where the subject property is located. | ||
===Pricing=== | ===Pricing=== | ||
| + | * Preparation | ||
| + | * Recording | ||
| + | * Taxes | ||
==Cross-References== | ==Cross-References== | ||
Revision as of 07:17, 13 August 2019
Contents
Overview
Transfer on Death Deeds or "TOD Deeds" have been available in Missouri by statute since 1989. They are sometimes titled as "Beneficiary Deeds". A TOD Deed, even after recorded, is of no effect until the grantor is deceased. It can therefore be rescinded at any time. It should be noted that these are not the same as Ladybird Deeds in which the transfer is made but the grantor reserves rights to dispose of the property during their lifetime.
Sources
Compliance
Because a Transfer on Death Deed does not create any present insurable interest in real estate, it is likely that the drafting of such a deed by a title insurance agent would be considered in the unauthorized practice of law.
Forms
Search
Examination
Underwriting
Recording
- Transfer on Death Deeds are recorded at the Recorder of Deeds office for the county where the subject property is located.
Pricing
- Preparation
- Recording
- Taxes
