Lake And Peninsula Borough Transfer on Death Revocation Form (Alaska)

The following Alaska and Lake And Peninsula Borough supplemental forms are included as a courtesy with your order:

When using these Transfer on Death Revocation forms, the subject real estate must be physically located in Lake And Peninsula Borough. The executed documents should then be recorded in the following office:

Local jurisdictions located in Lake And Peninsula Borough include:

• Chignik
• Chignik Lagoon
• Chignik Lake
• Egegik
• Iliamna
• Levelock
• Nondalton
• Pedro Bay
• Perryville
• Pilot Point
• Port Alsworth
• Port Heiden

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 Lake And Peninsula Borough recording requirements for formatting. If there's an issue caused by our formatting, we'll make it right and refund your payment.

Save Time and Money

Get your Lake And Peninsula Borough Transfer on Death Revocation form done right the first time with Deeds.com Uniform Conveyancing Blanks. At Deeds.com, we understand that your time and money are valuable resources, and we don't want you to face a penalty fee or rejection imposed by a county recorder for submitting nonstandard documents. We constantly review and update our forms to meet rapidly changing state and county recording requirements for roughly 3,500 counties and local jurisdictions.

4.8 out of 5 - ( 4558 Reviews )