Transfer on Death Deeds

One of the primary goals of most estate plans is to avoid probate. Historically, the ownership of real property caused many estates to be probated in the courts. In the past, many people were not willing to give up control of their real property, and that forced a probate proceeding to transfer title to the next generation. Minnesota has approved the use of a Transfer on Death Deed. This deed operates to transfer the ownership of real estate to the named beneficiary on the death of the owner, or in the case of joint ownership, at the death of the last surviving owner. This tool allows the owner to keep full control of the property including mortgaging leasing or selling of the property. The Transfer on Death Deed is only valid if it is filed with the county before the death of the owner.

Benefits of Using a Minnesota Transfer on Death Deed

Upon the death of the owners, the beneficiaries can simply transfer title to the property. The beneficiaries would file with the county an affidavit of survivorship along with a certified copy of the death certificate.

To understand more about Transfer on Death Deed, please contact Mr. Herrick law office and get in touch today.

Probate Law

Probate is the legal process of settling your estate in court after you die.

Guardianship

A guardian is appointed by the court to make the personal decisions for the protected person.

Health Care Directives

A health care directive is a written document that informs other of your wishes about your health care.

Conservatorship

A conservator is appointed to make financial decisions for the protected person.

Asset Protection

Asset protection planning involves reviewing your assets and to protect it from future creditors.

Exploitaion of adults

Exploitation of adults may have different indicators and various types of exploitations.

Drafting Wills

Minnesota Law allows persons 18 years and older with a sound mind to make or execute a will.

Estate Planning

Estate planning helps you manage and preserve your assets while your alive.

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