Wyoming Transfer on Death Revocation
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Transfer on Death Revocation for Real Estate Located in Wyoming
Wyoming's Non-testamentary Transfer of Real Property on Death Act went into effect on July 1, 2013. Find it at Section 2-18-101-106 of the Wyoming Statutes.
Note that a revocation of a transfer on death deed is valid only if it is lawfully executed and recorded in the office of the county clerk for the county in which the real property is situated, before the death of the owner or the last surviving owner. See 2-18-103(d) for the rules concerning joint property owners, or contact an attorney for additional clarification.
With transfer on death deeds (TODDs), people who own real estate in Wyoming have access to a flexible tool that allows them to direct what happens to their land after they die, independent from a will, and without the need for probate. Until death, though, owners retain absolute interest in and control over the property, including the power to revoke the transfer outright, without notice to or permission from the beneficiary. This feature is important because it allows owners to respond quickly to changes that arise.
There are three primary ways to revoke a recorded TODD. Owners simply execute and record either
-a statutory revocation document;
-a new statutory transfer on death deed; or
-a tradition deed, such as a warranty or quitclaim deed, transferring the property to another party.
Revocations are fairly simple, but it is important to make sure that any other estate documents, such as wills, reflect the changes. Otherwise, the conflicts could lead to unnecessary delays and expenses. Please consult an attorney with specific questions or for complex situations.