Designation of Transfer on Death Beneficiary for Real Property (WI) | Practical Law
https://content.next.westlaw.com/practical-law/document/I21b4a5e6949e11e79bef99c0ee06c731/Designation-of-Transfer-on-Death-Beneficiary-for-Real-Property-WI?viewType=FullText&transitionType=Default&contextData=(sc.Default)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.
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.