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described real estate located in County, State of Wisconsin (the “Property”) Owner transfers the Property without probate upon death of the sole owner, or upon the last to die of multiple owners, to the following TOD beneficiary, without warranties:
The sole purpose of this instrument is to revoke all previous TOD beneficiary designations. This designation is effective only upon the recording of this instrument.
The owner or owners may designate one or more persons as a primary TOD beneficiary and may designate one or more persons as a contingent TOD beneficiary if a primary TOD beneficiary does not survive the sole owner or the last to die of multiple owners.
Owner transfers the Property without probate upon death of the sole owner, or upon the last to die of multiple owners, to the following TOD beneficiary, without warranties:
A designation of transfer on death (TOD) beneficiary (commonly called a transfer on death deed in other states) works similarly to a deed you might use to transfer your Wisconsin real estate, but with a crucial difference: It doesn't take effect until your death.
A Practice Note discussing a designation of transfer on death (TOD) beneficiary to transfer real property without probate under Wisconsin law. It explains the Wisconsin Designation of TOD Beneficiary form (commonly referred to as a transfer on death deed or TOD deed, although technically not a deed).
The owner or owners may designate one or more persons as a primary TOD beneficiary and may designate one or more persons as a contingent TOD beneficiary if a primary TOD beneficiary does not survive the sole owner or the last to die of multiple owners.
The owner or owners may designate one or more persons as a primary TOD beneficiary and may designate one or more persons as a contingent TOD beneficiary if a primary TOD beneficiary does not survive the sole owner or the last to die of multiple owners.
This form may be used by persons entitled to receive property of a decedent as a designated Transfer on Death (TOD) beneficiary upon the death of the sole owner or the last to die of multiple owners. Section 867.046 of the Wisconsin Statutes includes non-probate transfers of property under 705.15.
Wisconsin Statutes § 705.15, entitled Non-probate Transfer of Real Property on Death (the “Statute”), effective April 11, 2006 for deaths after that date, provides a method for transferring real estate upon an owner’s death to designated beneficiaries, without probate or a trust, through the recording of a form designated as a TOD Deed ...