Lake And Peninsula Borough Transfer on Death Revocation Form

Additional Alaska and Lake And Peninsula Borough documents included at no extra charge:

Where to Record Your Documents

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Cities and Jurisdictions in Lake And Peninsula Borough

Properties in any of these areas use Lake And Peninsula Borough forms:

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

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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.

Important: Your property must be located in Lake And Peninsula Borough to use these forms. Documents should be recorded at the borough or census area recording office listed above.

This Transfer on Death Revocation meets all recording requirements specific to Lake And Peninsula Borough.

Our Promise

The documents you receive here are guaranteed to meet or exceed the applicable Lake And Peninsula Borough recording format requirements. If there is a rejection caused by our formatting, we will correct the issue or refund your payment. This guarantee applies to document formatting only and does not extend to information entered by the user, the selection of the form, or the legal effect of the completed document.

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.

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