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REVOCATION of TRANSFER on DEATH DEED Minn Stat Form

REVOCATION of TRANSFER on DEATH DEED Minn Stat Form

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so transfer on death deed or todd as the acronym goes is a relatively new way to transfer ownership of real estate in minnesota todds are analogous to beneficiary designations on bank accounts or other financial accounts that you may have seen essentially the owner of real estate designates a beneficiary who will receive the property upon the original owner's death during the owner's lifetime the owner maintains full property rights in the real estate and the beneficiaries rights only mature upon the death of the original owner todd's have been really popular for parents who want to leave their real estate to their children want their children to avoid probate but want to maintain ownership of the property during the parents lifetime so upon the owner's death the beneficiary will receive whatever interest the original owner had in the property subject of course to any mortgages liens judgments encumbrances for the todd to be valid it must be recorded in

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