Fill and Sign the 642 635 Optional Form of Transfer on Death Deed Virginia Law

© 2016 - U.S. Legal Forms, Inc. VIRGINIA TRANSFER ON DEATH DEED [Individual to Individual] Control Number: VA-01-84 I. TIPS ON COMPLETING THE FORMSA. The form(s) in this packet may contain “form fields” created using Microsoft Word or Adobe Acrobat (“.pdf” format). “Form fields” facilitate completion of the forms using your computer. They do not limit your ability to print the form “in blank” and complete with a typewriter or by hand. It is also helpful to be able to see the location of the form fields. Go to the View menu, click on Toolbars, and then select Forms. This will open the Forms toolbar. Look for the button on the Forms toolbar that resembles a shaded letter “a”. Click this button and the form fields will be visible. By clicking on the appropriate form field, you will be able to enter the needed information. In some instances, the form field and the line will disappear after information is entered. In other cases, it will not. The form was created to function in this manner. B. When completing the form please take note of the following requirements: 1. The LAST NAME of the grantor and grantee must be capitalized or underlined wherever first mentioned in the deed. 2. The complete business address of the grantee must appear in the form fields provided in the left margin. 3. The tax map reference in the left margin must be completed. 4. The consideration and the assumption balance, if applicable, should be inserted in the appropriate form fields in the left margin of the first page. II. MANDATORY COVER SHEET REQUIREMENTS FOR RECORDING LAND RECORDS Pursuant to Code of Virginia § 17.1-227.1 ,, any County Circuit Clerk’s Office may exercise the option to require a Land Records Cover Sheet for all documents recorded in the Deed Book. In practice, data contained on Cover Sheets is converted by a software program into bar codes which are scanned via bar code readers, thereby allowing instruments to be recorded more timely and accurately.To create the required Cover Sheet, users must access Cover Sheet software made available at the following web site: CSA Online website . Documents that do not include a Cover Sheet with all information accurately listed will be returned to the presenting party so that a corrected Cover Sheet may be prepared. Questions related to procedures should be directed to the local Clerk’s Office. To determine if the Clerk in the County where the property is located requires a cover sheet, you will need to contact the Clerk's office. III. SELF-ADDRESSED STAMPED ENVELOPE TO ACCOMPANY THE DEED WHEN RECORDING: The Clerk's Office will require a SASE if you want the deed returned by mail after recording is done. If a SASE is not provided, the recorded instrument will have to be picked up at the Clerk's office. IV. DISCLAIMER These materials were developed by U.S. Legal Forms, Inc. based upon statutes and forms for the subject state. All information and Forms are subject to this Disclaimer: All forms in this package are provided without any warranty, express or implied, as to their legal effect and completeness. Please use at your own risk. If you have a serious legal problem, we suggest that you consult an attorney in your state. U.S. L egal Forms, Inc. does not provide legal advice. The products offered by U.S. Legal F orms (USLF) are not a substitute for the advice of an attorney. THESE MATERIALS ARE PROVIDED “AS IS” WITHOUT ANY EXPRESS OR IMPLIED WARRANTY OF ANY KIND INCLUDING WARRANTIES OF MERCHANTABILITY, NONINFRINGEMENT OF INTELLECTUAL PROPERTY, OR FITNESS FOR ANY PARTICULAR PURPOSE. IN NO EVENT SHALL U.S. LEGAL FORMS, INC. OR ITS AGENTS OR OFFICERS BE LIABLE FOR ANY DAMAGES WHATSOEVER (INCLUDING WITHOUT LIMITATION DAMAGES FOR LOSS OR PROFITS, BUSINESS INTERRUPTION, LOSS OF INFORMATION) ARISING OUT OF THE USE OF OR INABILITY TO USE THE MATERIALS, EVEN IF U.S. LEGAL FORMS, INC. HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. Revocable Transfer on Death DeedPage 1 of 3 Prepared by: After Recording, Return to: Parcel ID Number: Exempt from Recordation Tax pursuant to Virginia Code §58.1-811(J). THIS DEED MUST BE RECORDED BEFORE THE DEATH OF THE OWNER, OR IT WILL NOT BE EFFECTIVE. REVOCABLE TRANSFER ON DEATH DEED (Individual to an Individual) THIS REVOCABLE TRANSFER ON DEATH DEED , dated as of the day of , is made by TRANSFEROR/GRANTOR, whose address is . This Revocable Transfer on Death Deed is made pursuant to the provisions of the Uniform Real Property Transfer on Death Act, Virginia Code § 64.2-621 et seq. In accordance with the provisions of the Uniform Real Property Transfer on Death Act, at my death, I transfer and convey my interest in the below described property to my designated beneficiaries as follows: PRIMARY BENEFICIARY : I designate as the designated beneficiary of the property if survives me. ALTERNATE BENEFICIARY- (Optional – If not needed enter "None" in the blank.) If my primary designated beneficiary does not survive me, I designate as my alternate designated beneficiary if my alternate designated beneficiary survives me. PROPERTY: The legal description of the real property that should be transferred at my death pursuant to this Revocable Transfer on Death Deed is as follows: See Legal Description Attached as Exhibit A incorporated by reference as though set forth in full Revocable Transfer on Death DeedPage 2 of 3 Legal Description: RIGHT TO REVOKE AND METHOD TO REVOKE DEED: Before my death, I have a right to revoke this deed. Under the Uniform Real Property Transfer on Death Act, an instrument is effective to revoke a recorded transfer on death deed, or any part of it, only if the instrument: 1. Is one of the following:a. A transfer on death deed that revokes the transfer on death deed or part of the transfer on death deed expressly; b. A transfer on death deed that names a designated beneficiary that is inconsistent with the designated beneficiary in a prior transfer on death deed; c. An instrument of revocation that expressly revokes the transfer on death deed or part of the transfer on death deed; or d. An inter vivos deed that expressly revokes the transfer on death deed or part of the transfer on death deed. 2. Is acknowledged by the transferor after the acknowledgment of the transfer on death deed being revoked and recorded before the transferor's death in the land records of the clerk's office of the circuit court where the deed is recorded. After this transfer on death deed is recorded, it can be revoked only by an effective revocatory instrument recorded prior to the death of the transferor and may not be revoked by a revocatory act taken against or on the original or a copy of the recorded transfer on death deed. The execution and recordation of this transfer on death deed does not limit the effect of an inter vivos transfer of the property. At my death, a beneficiary takes the property subject to all conveyances, encumbrances, assignments, contracts, mortgages, liens, and other interests to which the property is subject at my death. Witness the following signature and seal: Signature of Grantor Type/Print Name Commonwealth of Virginia, County of __________________ On this ______ day of __________________, 20______, before me, personally appeared ______________________________ to me known to be the person who executed the foregoing Revocable Transfer on Death DeedPage 3 of 3 instrument, and he/she thereupon duly acknowledged to me that he/she executed the same to be his/her free act and deed. Given under my hand and seal this ______ day of __________________, 20______. Notary Public My Commission Expires: Registration Number: Print or Type Name Revocable Transfer on Death DeedExhibit A EXHIBIT A Transferor/Grantor: Primary Beneficiary: Alternate Beneficiary: Legal Description: