The Comanche County specific forms that are included in your immediate download are listed below.
Transfer on Death Deed Form - Comanche County
Fill in the blank form formatted to comply with all recording and content requirements.
Included | Document last updated 2/25/2014
Transfer on Death Deed Guide - Comanche County
Line by line guide explaining every blank on the form.
Included | Document last updated 2/27/2014
Completed Example of the Transfer on Death Deed Document - Comanche County
Example of a properly completed form for reference.
Included | Document last updated 2/27/2014
Oklahoma Statement of Value
Included supplemental form
This form is required to determine the consideration amount paid for a property.
Documentary Stamp Tax Exemptions
Included supplemental form
These pages list Oklahoma's transfer tax exemptions and how to word them on your document.
Documentary Stamp Tax Reference
Included supplemental form
These pages answer any questions regarding Oklahoma Documentary Stamp Tax.
*Supplemental
forms
(forms
other
than the
actual
deed
form)
are
provided
as a
courtesy
with
your
order.
Save
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money. Get your Comanche County Transfer on Death Deed form done right the first time
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Uniform
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Transfer on death deeds (TODDs) in Oklahoma are governed by the Nontestamentary Transfer of Property Act (Title 58 O.S. §§ 1251-1258), enacted in 2008. This law allows owners of interests in real property located in Oklahoma to designate one or more beneficiaries to receive those interests after the owner dies, but without the need for probate.
Owners who execute and record a TODD retain absolute control over and use of the property interest while living. In addition, they may modify, revoke, or otherwise convey the land any way they wish, without penalty or obligation to the beneficiaries. This is possible because unlike a traditional conveyance, there is no delivery requirement to notify the beneficiaries about what they might receive – the deed only conveys a potential future interest in whatever remains after the owner’s death (§§ 58-1252(B), 1257).
The statutes define an interest in real property to include “any estate or interest in, over or under land, including surface, minerals, structures and fixtures” (§ 58-1252)(A)), meaning that the transfer is not limited to land, but can also include mineral rights and royalties.
Even though a TODD is not impacted by the owner’s will, to reduce the likelihood of fraud and coercion, it demands the same standards of competence and capacity. Additionally, the document must be signed and acknowledged, in the presence of a notary, by the owner and two disinterested witnesses (individuals with no potential claims on the property rights) prior to recording (§§ 58-1253, 1258).
After the owner dies, each surviving beneficiary must execute and record an affidavit affirming his/her acceptance of the transfer (§§ 58-1252(C), (D)). The beneficiary takes the interest subject to all recorded obligations related to it.
NOTE: The transfer on death deed and any associated changes or revocations must be recorded, DURING THE OWNER’S LIFE, in the county where the property is located.
Overall, a transfer on death deed offers a convenient, flexible estate planning tool for owners of interests in Oklahoma real property. Each circumstance is unique, so consider all options carefully. For additional information or complex situations, contact a local attorney.
The
images
below
are of
the
actual
forms
you will
receive
in your
download.
The size
of the
images
has been
reduced
to save
space on
our
site,
the
forms
you
receive
will be
clear,
PDF
files,
with no
watermarks.
Comanche County Transfer on Death Deed Form Page 1
Comanche County Transfer on Death Deed Guide Page 1
Comanche County Transfer on Death Deed Guide Page 2
Comanche County Transfer on Death Deed Guide Page 3
Comanche County Completed Example of the Transfer on Death Deed Document Page 1
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Included | Document last updated 2/25/2014
