Designation of Transfer on Death Beneficiary for Real Property (WI) | Practical Law

Designation of Transfer on Death Beneficiary for Real Property (WI) | Practical Law

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). This Note addresses topics including who should use a TOD designation and when, creating a valid TOD designation, the effect of an executed and recorded TOD designation during and after an owner's life, confirming the TOD beneficiary's interest, revocation and modification of a TOD designation, effect of multiple instruments affecting the same property, coordination with an estate plan, and alternatives to a TOD designation.

Designation of Transfer on Death Beneficiary for Real Property (WI)

Practical Law Practice Note w-010-2502 (Approx. 14 pages)

Designation of Transfer on Death Beneficiary for Real Property (WI)

by Jeff A. Goldman, Amanda A. Bowen, DeWitt LLP, and Practical Law Trusts & Estates
Law stated as of 30 Jan 2023Wisconsin
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). This Note addresses topics including who should use a TOD designation and when, creating a valid TOD designation, the effect of an executed and recorded TOD designation during and after an owner's life, confirming the TOD beneficiary's interest, revocation and modification of a TOD designation, effect of multiple instruments affecting the same property, coordination with an estate plan, and alternatives to a TOD designation.