Bristol Bay Borough Transfer on Death Revocation Forms (Alaska)

Form Package

Transfer on Death Revocation

State

Alaska

Area

Bristol Bay Borough

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$27.97

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Included Forms

All Bristol Bay Borough specific forms and documents listed below are included in your immediate download package:

Included Supplemental Documents

The following Alaska and Bristol Bay Borough supplemental forms are included as a courtesy with your order.

Frequently Asked Questions:

Areas Covered by These Transfer on Death Revocation Forms:

• Bristol Bay Borough

Including:

• King Salmon
• Naknek
• South Naknek

What is the Alaska Transfer on Death Revocation

Revoking Transfer on Death Deeds in Alaska

Effective July 21, 2014, owners of real estate in Alaska can take advantage of a useful estate planning tool: the transfer on death deed (TODD). Find the full text of this new law at AS 13.48.

This statute is based on the Uniform Real Property Transfer on Death Act (URPTODA). By adopting the provisions of the URPTODA, Alaska joins with an increasing number of states using this law to help land owners manage the distribution of what is often their most significant asset -- their real estate -- by executing and recording a transfer on death deed.

The named beneficiary gains no present rights to the property, only a potential future interest. Instead, the transferors retain absolute control during their lives. This includes the freedom to sell or transfer it to someone else, and to modify or revoke the intended transfer on death (AS 13.48.080). These details, along with the fact that TODDs only convey the property rights remaining, if any, at the owner's death, explain why they do not require notice or consideration (AS 13.48.060).

Geared to life's unpredictability, the law also includes a mechanism to modify or revoke the previously recorded TODD (AS 13.48.070). Executing and recording the revocation form allows the owner to cancel the recorded TODD, providing an obvious beginning and end to the interest it contained. At that point, the owner has a blank slate with regards to the property, and so can proceed with any plans for it while maintaining a clear chain of title.

The chain of title refers to the property's ownership history. Many sales and mortgages require title searches, and a clear chain of title simplifies that process. Recording the revocation for cancelled or changed transfers at death can prevent what's known as a "cloud" on the title. A clouded title contains missing, incomplete, or otherwise inaccurate information, and generally slows down the title search.

Each situation is unique, so consult an attorney with specific questions or for complex circumstances.

Our Promise

The documents you receive here will meet, or exceed, the Bristol Bay Borough recording requirements for formatting. If there's an issue caused by our formatting, we'll make it right and refund your payment.

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