Maine Transfer of Death Deed
Transfer of Death Deed for Real Estate Located in Maine
REVOCABLE TRANSFER ON DEATH DEED
Under Maine Revised Statutes, Title 18-C, Article 6, Part 4, 6-401 to 6-421
Effective September 1, 2019 owners of real estate in Maine can take advantage of a useful estate planning tool: the transfer on death deed (TODD).
The Owner(s)/Transferor(s) [may transfer for no consideration property to one or more beneficiaries effective at the transferor's death by a transfer on death deed.] [6-405]
This Transfer on Death Deed may be revoked by the Transferor's prior to their death, Capacity requirements are (the same as the capacity required to make a will.) (6-408)
To become effective the Transfer on Death Deed must be recorded prior to (the transferor's death in the public records in the registry of deeds in the county where the property is located.) (Must state that the transfer to the designated beneficiary is to occur at the transferor's death.) (6-409)